Question

Name any one new technique of management developed on the basis of principles of management

Answer 1

According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.

Answer 2

Business Process Outsourcing,Functional Foremanship,Standardisation and simplification of works,operations research,etc are the new techniques developed on the basis of principles of management