BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -This principle also suggests that management should take workers into confidence in making important decisions which affect workers and there should be almost equal division of work and responsibility between workers and management and both should work side by side.

Detailed explanation-2: -(iii) Cooperation, not Individualism: Cooperation is an action of working together and wherein employees and management should cooperate with each other that could lead to high morale and team spirit. As soldiering lead to underwork and individualism, factories would endure excessive costs and wastage of resources.

Detailed explanation-3: -Cooperation, Not Individualism: This principle is an extension of principle of ‘Harmony, not discord’ and lays stress on mutual cooperation between workers and the management. Cooperation, mutual confidence, sense of goodwill should prevail among both, managers as well as workers.

Detailed explanation-4: -The four principles of Taylor’s scientific management are: Science, not rule of thumb. Harmony, not discord. Cooperation, not individualism.

Detailed explanation-5: -Cooperation’ means acting jointly, or a union towards achieving the same result. Taylor emphasized that the workers and the management should act jointly and in unison to achieve the organizational objectives.