Chapter - 2 (One Shot) | In Depth w/ Case Studies | Principles of Management | Business Studies 12

In this video, we will completely cover Chapter 2, Principles of Management of Business Studies Class 12 from NCERT with all relevant case studies & examples. I will use NCERT line by line explanation to cover everything.
We will cover all topics including - the definition/concept of principles of management, nature and significance, principles of taylor's scientific management (Science not rule of thumb, harmony not discord, cooperation not individualism & development of personnel), techniques of scientific management (functional foremanship, time study, method study, motion study, fatigue study, standardization & simplification), & fayol's principles of management (1. Division of Work, 2. Authority and Responsibility, 3. Discipline, 4. Unity of Command, 5. Unity of Direction, 6. Subordination of Individual Interest, 7. Remuneration, 8. Centralization & Decentralization, 9. Scalar Chain, 10. Order, 11. Equity, 12. Stability, 13. Initiative, 14. Esprit de Corps)
0:00 - Introduction
3:14 - Concept of Management
6:35 - Nature of management
18:49 - Significance of management
35:25 - Taylor's Principleof Management
57:35 - 1. Techniques of Scientific Management
57:56 - 2. Functional Foremanship
1:06:30 - 3. Standardisation and Simplification of work
1:15:37 - 4. Method Study
1:16:54 - 5. Motion Study
1:20:04 - 6. Time Study
1:21:11 - 7. Fatique Study
1:22:50 - 8. Differential Piece Wage Rate System
1:26:40 - Fayol's principle of management
1:27:52 - 1. Division of Work
1:31:36 - 2. Authority and Responsibility
1:36:25 - 3. Discipline
1:38:58 - 4. Unity of Command
1:42:16 - 5. Unity of Direction
1:46:06 - 6. Subordination of Individual Interest to General 8nterest
1:48:10 - 7. Remuneration of Employees
1:49:08 - 8. Centralisation and Decentralisation
1:54:08 - 9. Scalar Chain
1:58:40 - 10. Order
2:00:31 - 11. Equity
2:02:48 - 12. Stability of Personnel
2:06:56 - 13. Initiative
2:09:13 - 14. Esprit De corps
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