Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Unity of Direction. Fayol was of the view that employees should be selected and appointed after due and rigorous procedure. Unity of command 5. Stability of tenure - stable jobs. asked Jul 7, 2018 in Business Studies by Sonu khan ( 35.7k points) Principle of equity 8. Stability of Tenure. Solved As you examine Fayol's 14 principles of effective ... Henry Fayol is of the opinion that 'workers should not be shifted from their job position frequently'. The principle of "right place for everything and for every man" should be observed by the management. First task division of labour according to their skills and specialized for their work they can increase their output 3. Authority and Responsibility 3. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. CBSE Class 12 Business Studies Principles of Management ... Stability of tenure of personnel E. If an organization has a profit-sharing plan in which employees are able to purchase the company's stock at a discount whenever the organization makes huge profits, then this organization follows Fayol's principle of: 2. Principles of Management Class 12 MCQ Questions Free PDF ... Henri Fayols 14 Principles of Management Principle of unity of command 6. MCQ Questions For Class 12 Principles of Management There are some sets of rules and principles that are defined by the renowned personality and people who became successful in their career and life. Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Therefore, according to this principle there should be stability of tenure of the employees so that the work continues efficiently. Too formal - Fayol's theory is said to be very formal. This is the principle of specialization, which is very well expressed by economists as being a necessary factor for efficiency in the utilization of labor. Out of the 14 principles of management, how many are ... Consequently, an organization must take steps to obtain as much stability in its management and workforce as possible. They are division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interest, remuneration, the degree of centralization, scalar chain, order, equity, stability of tenure of personnel, initiative, espirit de corps. 14 management principles are; Division of Work. Therefore, a reasonable security of service should be given to all employees. The 14 major principles of management are: Division of WorkAuthority and ResponsibilityDisciplineUnity of CommandUnity of DirectionSubordination of Individual […] Administrative management is the process of managing information through people. According to Fayol. Criticism on 14 principles of Henry Fayol - 1. Principle of stability is linked with long tenure of personnel in the organization. The 12th principle of management is the stability of tenure of personnel. This is the principle of specialization, which is very well expressed by economists as being a necessary factor for efficiency in the utilization of labor. Read and download free pdf of CBSE Class 12 Business Studies Principles of Management Assignment Set B. Stability of tenure of Personnel refers to no frequent termination and transfer. 12) Principle of Stability of Tenure: At the time of recruitment of employees, the management should assure them about stability of tenure or job security. Q. Balancing Authority and Responsibility. Unity of Command 5. Ans - c) The principle which minimize employee turnover is called: a) Principle of Equity b) Principle of Fair Remuneration c) Subordination of individual interest to general interest d) Stability of Tenure of Personnel . Subordination of personal/individual interests to the general interest. Just one part of his management principles is initiative, or the . the period of service in a job should be fixed. the period of service in a job should be fixed. Authority managers must give the authority to give orders and keep in mind that authority can give responsi. Principle of subordination of individual interest to general interest 7. Centralization 9. The research provides a . Because instability in the job of employees leads to inefficient work. Stability of tenure personnel means availability of personnel in case employees leave the company. Application in McDonald's (a) Remuneration of employees (b) Stability of personnel Give three points reflecting the nature of management principles. 3. Answer: 1. It is the principle stating that for any organization to such smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Stability of Tenure of Personnel. Explain the following principles of Fayol with the help of one example of each: (i) Scalar Chain (ii) Stability of Tenure Personnel. Stability of Tenure 13. If an employee receives transfer order by the time he learns and gets settled in a job it will be leading to wastage of resources and he will not be . Students and teachers of Class 12 Business Studies can get free advanced study material, revision notes, sure shot questions and answers for Class 12 Business Studies prepared as per the latest syllabus and examination guidelines in your school. See also Centralization and Decentralization. It plays very important role in creating sense of belongingness among the employees. When one feels secure at his job, he/she contributes maximum of his capability towards the organizational objectives. The above-stated example clearly defines the principle of 'stability of tenure', which states that an employee should be placed at the position for a minimum fixed tenure so that he/she can contribute his best towards the attainment of goals. Management strives to minimize employee turnover and to have the right staff in the right place. Turnover of a high degree is both a cause and an effect of bad management and one way of evaluating a manager is to examine the turnover and absenteeism rate of persons working under that manager. Unity of direction 6. Principle of initiative 5. Stability of Tenure of Personnel could be a principle stating that so as for a company to run swimmingly, staff should not often enter and exit the organization. Ans. Fayol's 14 principles of management include: division of work, authority, discipline, unity of command, unity of direction, subordination of individual interest, remuneration, centralization, scalar chain, order, equity, stability of tenure of personnel, initiative and espirit de corps. Some of the major Fayol's principles of management are as follows: 1. 7. Division of Work. What is stability of tenure? Stability of Tenure of Personnel. Equity. Administrative Management: Fayol's Principles 2. Stability of tenure: A high turnover rate is expensive for an organization. Having had worked at two different stores/franchises, I'll give my knowledge as I look over each principle. It does not refer to frequent layoffs and transfers. Stability of tenure of personnel •The principle states that an organization cannot run smoothly if it suffers from constant employee attrition, and organizations should make an effort to retain employees. Was this answer helpful? Initiative . Management strives to minimize employee turnover and to have the right staff in the right place. One of the critical things in Henri fayol's 14 principles of management was stability of tenure, or attrition of employees. Principle of scalar . 11. Employers ought to give their staff stable jobs which last for a long time, rather than having a high turnover of staff. Discipline 4. He is of the view that personnel should be selected and appointed after due and rigorous procedure and once selected they should be kept at their post for a minimum fixed tenure. This principle refers to management's task of minimizing employee turnover because turnover, whether voluntary or not, could be very costly for an organization. Therefore employees should be appointed after keeping in view principles of recruitment & selection but once they are appointed their services should be served. Stability of Tenure of Personnel: According to this principle, employees should not be moved from their positions frequently. Employees work better if job security and career progress are assured to them. Reading time: 1 minute The 14 principles of management stated by Henry Fayol is one of the famous administration theory used in management. 12. Initiative - Employees should be encouraged to develop and carry out plans for improvement. What is the main concern of Henri Fayol's management theory? In this principle, the management must provide the stability of a job among the employees and helps to remove the fear of instability of the job. 2. Stability of Tenure of Personnel. Principle of authority and responsibility 3. We have provided Nature and Significance of Management Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well. According to this principle, worker should have stability of tenure and should be given sufficient time to show their performance. His fourteen principles of management included division of work, authority and responsibility, discipline, unity of command, unity of direction, and subordination of individual interests to general interests, remuneration of personnel, centralization, scalar chain, order, equity, and stability of tenure of personnel, initiative, and esprit de corps . Consequently, an organization must take steps to obtain as much stability in its management and workforce as possible. It creates a sense of belonging-ness towards the job and the organisation. The above stated example clearly defines the principle of 'stability of tenure', which states that an employee should be placed at the position for a minimum fixed tenure so that he/she can contribute his best towards the attainment of goals. Order 11. Which principle of management is followed here? characteristic of Management principle. for employment for a minimum fixed tenure of time. Few principles overlap each other 5. Consequently, an organization must take steps to obtain as much stability in its management and workforce as possible. Read and download free pdf of CBSE Class 12 Business Studies Principles of Management Important Questions. This means production being teamwork, an efficient management always builds a team of good workers. (12) Stability of Personnel: From the point of view of management it is absolutely harmful to change the employees frequently as it is a reflection of inefficient management. Henri Fayol suggested the following 14 principles as the general principles of management: 1. Initiative - independence. Scalar chain 10. Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 2 Principles of Management with Answers Pdf free download. Universal application - can be applied to all kind of organisations, irrespective of their size and nature. Division of Work. Administrative Theory (14 Principles of Management): Henri Fayol created Administrative Theory or 14 principles of management on the management. Fayol's 14 principles were intended to be a guide for managers to use, while also pursuing efficiency, order, and stability. PRINCIPLES OF MANAGEMENT REVISION NOTES PRINCIPLES OF MANAGEMENT Principle A principle is a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning . (a) Stability of Tenure (b) Discipline (c) Division of work (d) Unity of direction. Henri Fayol's Principles of Management. Remuneration of Personnel 8. From the following options, choose the management principle followed by Manoj in the given case. Authority and Responsibility 3. 12. #12 Stability of Tenure. STABILITY OF PERSONNEL. Answer. Much attention on Functional aspect and neglects structural aspects 4. Stability of Tenure of Personnel This management principle of the 14 principles of management represents deployment and managing of personnel and this should be in balance with the service that is provided from the organization. Principles of management 1. Stability of Tenure of Personnel: Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. Principle of division of work 2. Principles of management pdf download: Many of us want to become businessmen or are seeking to start a venture but due to lack of information and knowledge most of us fail and leave the idea. Stability of tenure principle of management example. Order. According to Fayol, time is required for an employee to get used to new work and succeed in doing it well; always assuming that he possesses the . An organisation following the principle of stability achieves its objectives effectively and efficiently with the maximum contribution from their employees. The recent article from Sam Patterson, "What are Decentralized Markets" hypothesizes that the future will be brighter where: In a discussion with New York Times journalist and author Nathaniel Popper…. Find this Pin and more on Angel by akshay choudhary. Stability of Tenure. Authority: Manager must be able to give the . A career where one is dependent from day to day on finding new work and worrying about losing one's job can be very stressful and bad for one's mental health. 14 Principles of Management by Henri Fayol 1. The management has to perform a number of functions such as planning, organising, co-ordinating, directing, controlling etc. Scalar Chain 10. managers depends upon how skillfully they put these principles into practice. Stability of Tenure of Personnel This management principle of the 14 principles of management represents deployment and managing of personnel and this should be in balance with the service that is provided from the organization. Interpretation of the 14 Principles of Management: Comparison of Then and Now. Equity . Subordination of Individual Interest to General Interest 7. (iii) Flexible and can be applied differently under different conditions. Management strives to minimize employee turnover and to have the right staff in the right place. Henri Fayol suggested the following 14 principles as the general principles of management: 1. for the purpose of achieving its aims of operational efficiency, financial economy, and profitable return on investment. Principles of Management(POM) in BBA at TU will teach you 14 Management Principles in brief. An insecure tenure and a high rate of employee turnover will affect the organization adversely. Question 4: A floor manager of a Mall is very capable as he utilises all the functions of management. His 14 principles are analysed from top-bottom approach only 3. 12. Discipline. Principle of stability of tenure 9. Subordination of Individual Interests to the General Interest. Represent top level management pretaining thinking and planning functions. Question 6. General guidelines - the formulated guidelines to . Improves the efficiency of employees. (a) Stability of Tenure (b) Discipline (c) Division of work Moreover, frequent transfers or rotations should also be avoided. Fayol emphasized that employees should not be moved frequently from one job position to another i.e. (ii) Stability of Tenure of Personnel: According to this principle, employees should not be moved from their positions frequently. Ans. Remuneration. According to Fayol. It includes various points like: Remove the wastage of time and resources. His Administrative Theory or 14 principles of management following are: Division of Work: This principle the same as Adam Smith's 'division of labor.'. 25 "Authority should go hand in hand with the responsibility for effective results. According to this principle, employees must have the feeling of job security in the organization. Explain the following Principles of management, as advocated by Henry Fayol: Stability of tenure. - People need time to learn their jobs, and stability promotes loyalty. Scalar Chain. Principles of Management Class 12 MCQ with answers has been gathered for students to rehearse. According to few management experts his theory is incomplete and narrow 2. If the members of the team go on changing the entire process of production, it will be disturbed. 2. Equity 12. Management principles help the managers to fulfill the social responsibilities towards society. Fayol was of the view that employees should be selected and appointed after due and rigorous procedure. Stability of Tenure of Personnel. (ii) General guidelines. Initiative. The growth of any business depends upon its ability to retain its employees for a long-term since recruitment , selection and training of new personnel involves enormous cost and time. Instructions: Match the scenarios to the correct principle of management Esprit de Corps Discipline Division of Labor Initiative Stability of Tenure of Personnel Equity Unity of Direction Centralization Authority and Responsibility no Subordination of Individual Interests Match each of the options above to the items below. 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