SELECT * FROM question_mgmt as q WHERE id=5102 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=20 AND chapterId=591 and ex_no='3' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.

Answer:

Both Fayol and Taylor have contributed immensely to the knowledge of management. And their contributions are complementary to each other because both have relevance in the business due to the following reasons:

1) The main aim of both Fayol and Taylor is to increase the efficiency of workers and management.
2) Both of them give more importance and preference to organizational interest over the individual interest.
3) Both of them give suggestions for division of work and specialization.
4) The principles of both of them are used as a basis for research and practice in the field of management studies.
5) Both of them are emphasis on cooperation among the workers and the managers or employers.


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