Explain : (i) ‘Science not Rule of Thumb’ as a principle of management and (ii) Method………………..

Class 12th BUSINESS STUDIES, Question Paper 2023:Explain : (i) ‘Science not Rule of Thumb’ as a principle of management and (ii) Method Study’ and “Time Study’ as techniques of Scientific Management.

Question :Explain : (i) ‘Science not Rule of Thumb’ as a principle of management and (ii) Method Study’ and “Time Study’ as techniques of Scientific Management.

The correct answer is -(i) ‘Science not Rule of Thumb’ as a principle of management: This principle emphasizes the importance of using scientific methods and data to inform management decisions, rather than relying on intuition or tradition. It suggests that managers should analyze data, gather information, and use systematic methods to solve problems and make decisions.

The principle of ‘Science not Rule of Thumb’ is based on the idea that management is a science that can be studied and improved over time. By using scientific methods to understand organizational processes and systems, managers can identify opportunities for improvement and develop strategies to optimize performance.

(ii) ‘Method Study’ and ‘Time Study’ as techniques of Scientific Management: Method Study and Time Study are two key techniques used in Scientific Management.

Method Study is a systematic approach to analyzing and improving work processes. It involves breaking down complex tasks into smaller, more manageable components and identifying ways to eliminate waste, reduce unnecessary steps, and streamline workflows. Method Study is used to identify opportunities for improvement in the way work is done, and to develop more efficient and effective work methods.

Time Study is a technique used to determine the amount of time required to complete a specific task. It involves measuring the time taken by workers to perform a task using a stopwatch or other timing device. Time Study is used to identify opportunities to improve productivity by reducing the amount of time required to perform tasks.

Together, Method Study and Time Study are used to optimize work processes and improve productivity. By analyzing and improving work methods, managers can identify opportunities to reduce waste, increase efficiency, and improve the overall performance of the organization. These techniques are still widely used in many industries today, particularly in manufacturing and production settings.