Scribd
Upload
189 views

Principles of Management

Henry Fayol identified 14 principles of management based on his experience as an industrialist. The principles include specialization of work, unity of command where employees receive orders from one supervisor, and centralization of power at upper levels of the organization. Other principles are discipline within the organization, fair remuneration for employees and employers, and fostering teamwork and unity among organization members.

Uploaded by

vinod
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
189 views

Principles of Management

Henry Fayol identified 14 principles of management based on his experience as an industrialist. The principles include specialization of work, unity of command where employees receive orders from one supervisor, and centralization of power at upper levels of the organization. Other principles are discipline within the organization, fair remuneration for employees and employers, and fostering teamwork and unity among organization members.

Uploaded by

vinod
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Principles of Management

BY: YOGIN VORA ON FEBRUARY 5, 2012 1 COMMENT


Henry Fayol, a French industrialist, summarized the practice of management with fourteen principles.

1. Division of work: A high degree of specialization should result inefficiency. Both managerial and
technical works are amenable to specialization.
2. Authority and responsibility: Henry Fayol finds authority and responsibility to be related, with the
latter arising from the former. Authority is needed to carry out managerial responsibilities.
3. Discipline: People in the organization must respect the rules that govern the organization.
4. Unity of command: This means that, employees should receive orders from one superior and should
report to one only.
5. Unity of directions: According to this principle, each group of activities with the some objective must
have one head and one plan.
6. Subordination of individual to general interest: Interest of individuals should not be placed before
the goals of the overall organization.
7. Remuneration: Remuneration and methods of payment should be f air and afford the maximum
possible satisfaction to employees and employer.
8. Centralization: Power and authority should be concentrated at the upper levels of the organization as
much as possible.
9. Scalar chain: A chain of authority should extend from the top to the bottom of the organization and
should be followed at all times.
10. Order: Human and material resources should be coordinated so that they are in the required place at the
required time.
11. Equity: Managers should be kind and fair when dealing with subordinates.
12. Stability of tenure: Finding unnecessary turnover to be both the cause and the effect of bad
management. Fayol points out its dangers and cost.
13. Initiative: Subordinates should have the freedom to take initiative,
14. Unity is strength: Teamwork, team spirit and a sense of unity and togetherness should be fostered and
maintained.

You might also like