Principle: Development of Each and Every Person to His or Her Greatest Efficiency and Prosperity. Taylor believed in scientifically selecting and assigning tasks suited to each individual's physical, mental, and intellectual capabilities.
Techniques:
1. Method Study: Finding the one best way to perform a task, minimizing production costs while maximizing quality and customer satisfaction.
2. Standardisation: Setting benchmarks for business activities to ensure uniformity and consistency in production.
What is the Planning Process?
‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
Identify the type of plan indicated by the above sign :
Match the Marketing Management philosophies given in Column I with their main focus given in Column II:
| Column I | Column II |
| 1. Production concept | (i) Customers’ needs |
| 2. Product concept | (ii) Quality, performance and features of product |
| 3. Marketing concept | (iii) Customers’ needs and societal well-being |
| 4. Societal marketing concept | (iv) Quantity of product |
Choose the correct option from the following: