Which among the following options related to the theories of management are correct? 1) Frederick Taylor has given the “Theory of Scientific Management” which aimed at, improving economic efficiency, especially labour productivity.  2) Max Weber is known as the Father of Management laid down the 14 principles of Management.

Which among the following options related to the theories of management are correct? 1) Frederick Taylor has given the “Theory of Scientific Management” which aimed at, improving economic efficiency, especially labour productivity.  2) Max Weber is known as the Father of Management laid down the 14 principles of Management. Correct Answer 1 only

The correct answer is option 1, i.e 1 only.

• Frederick Taylor’s “Theory of Scientific Management” is aimed at, improving economic efficiency, especially labour productivity.
  • Taylor had a simple view about, what motivated people at work, - money.
  • He felt that, workers should get a, fair day's pay for a fair day's work, and that pay, should be linked to the amount produced.
  • Therefore he introduced the, “Differential Piece Rate System”, of paying wages to the workers.
• Henri Fayol known as the Father of Modern Management Theory laid down the 14 principles of Management. From these principles, Fayol concluded that management should interact with personnel in five basic ways in order to control and plan production. These five basic ways are as follows:
  • Planning,
  • Organizing,
  • Commanding,
  • Coordinating and
  • Controlling
• Max Weber made a distinction between authority and power.
  • Weber believed that power educes obedience through force or the threat of force which induces individuals to adhere to regulations.
  • According to Max Weber, there are three types of power in an organization:-
    • Traditional Power,
    • Charismatic Power and
    • Bureaucratic Power or Legal Power