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MGT503 Principles of Management


MGT503 Principles of Management

MGT503 Principles of Management.Download/upload Video Lectures, Handouts, Helping Materials, Assignments Solution, Online Quizzes, GDB, Past Papers, Solved Papers and more….

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GDB_1 Solution_MGT503 : Due Date ( 7-Jul-2017 / 13-July-201)

Started by B.COM (Sem 4 - Final). Last reply by + M.Tariq Malik Jul 15. 3 Replies


Started by M. Usman Akram. Last reply by Zainab Riaz Jul 11. 3 Replies

mgt503 Principle of management

Started by zafar iqbal Dec 4, 2016. 0 Replies

fall 2016,Principles of Management (MGT503) GDB. due date 28th November.

Started by Ѽ Gracious Heart Ѽ. Last reply by + M.Tariq Malik Nov 28, 2016. 10 Replies

MGT503 Online Quiz No 01 Solution & Discussion Last Date:Nov 16, 2016

Started by + M.Tariq Malik. Last reply by Syed Ali Abbas Bukhari Nov 15, 2016. 12 Replies

Need handout of MGT503

Started by RBTahir Sep 21, 2016. 0 Replies

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Comment by Moon_90 on January 6, 2013 at 10:13pm

Comment by Moon_90 on January 6, 2013 at 10:12pm


Comment by SHARIQ(MBA 6th semseter) on December 21, 2012 at 9:42pm


Comment by gillani on December 2, 2012 at 12:18pm

any one want to join me  for group study and to solve past paper

Comment by ♥ ˙·٠•●♥HudaKhan♥ ˙·٠•● on November 13, 2012 at 10:45pm

Comment by Qasim Ali on November 8, 2012 at 1:10am

it is my solution i given in this topic:

Some well established and export oriented Pakistani Organizations are following principles of scientific management. but small and medium some entities weather are not following or following only up to some extent.

Because well established organization have more capital and scope than small and medium size entities, so they can afford hiring of more workers to divide the duties and responsibilities of the organization. They also have to maintaine their reputation in local and foreign markets, so that is another reason of following principles of scientific management.
Comment by Qasim Ali on November 8, 2012 at 1:08am

ha ha amir , same happen to me, while posting GDB of MGT 301, but i just write one line and posted successfully. just as on do or die situation

Comment by Aamir Khan on November 8, 2012 at 12:53am

Damn.. time finished when i was about to submit my gdb... :( 

Comment by M. Kaleem A. Hashmi (MBS) on November 7, 2012 at 11:43pm

MGT503 (2nd GDB)


In my point of view many successful Pakistani organizations are follow the principles of scientific management who's described by Fredrick Winslow Taylor. and aslo large number of companies and firm are not follows fully or Partially.

Introduction of Scientific Management:

Fredrick Taylor is a father of scientific management.  Scientific management explains the uses of scientific method. When most people to hear this word science the first image that comes into their minds is one of test tube, computers, white lab coats or rocket ship etc.

These outward accessories are part of science. But now this modern era a lot of sciences are deals with physical, material world and involve in study of people their beliefs, behavior, interactions, attitudes institutions and so forth.

Scientific management is also called ''Taylorism'' . Taylor's principles define how to deal or don their job in efficiently manners. Taylor's four principles of scientific management.

Why organizations are following the principles of scientific management in  Pakistani 

Before 21st century there is no awareness about scientific method but now this fast growing modern technological competitive era emphasizing on scientific management and also Pakistani organizations and their people known these principles as a labor's laws. So many Pakistani successful and well known organizations follows scientific management

In Pakistan example of these organizations are Masaud textile (MTM) Faisalabad, Chenab Mills ltd., Ibrahim Group etc.

Why Not  organizations are following the principles of scientific management in  Pakistani 

Because management of Pakistani organization specially local industries is not well educated and well aware management techniques and some Pakistani  organization even having knowledge, are not strictly follow these strict principles of scientific mananement . Also after 21st century there increase  awareness about scientific method or principles of Taylor but  most of firms or companies aimed earn maximize profit not focus on their employees and customer’s needs, wants and satisfaction.


Comment by Qasim Ali on November 5, 2012 at 7:55am

New GDB:

Pakistan’s automobile industry is playing a leading role as large scale manufacturing sector of Pakistan that serves as backbone of the economy and has immense potential for growth.

Last year, federal government has announced relaxation in the import policy for import of used cars under Transfer of Residence, Gift Scheme and Personal Baggage Scheme. Under this scheme, five years old models can be imported at less custom duties.  Moreover, depreciation allowance on these imported used vehicles is also available up to four years. 

Such policies of the government strongly affect the businesses so being the student of business education; you are required to evaluate the effects of relaxed import policy regarding import of used cars on local automobile industry (identify at least three (03) effects) and then on economy (identify at least two (02) effects).


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