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Principle of MGT

The document outlines the 14 principles of management created by Henri Fayol including division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interest, remuneration, centralization, scalar chain, order, equity, stability, initiative, and esprit de corps. The principles are important pillars for organizations.

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21 views

Principle of MGT

The document outlines the 14 principles of management created by Henri Fayol including division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interest, remuneration, centralization, scalar chain, order, equity, stability, initiative, and esprit de corps. The principles are important pillars for organizations.

Uploaded by

hridoymahmud1017
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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The fourteen principles of management created by Henri Fayol are explained below.

1. Division of Work

Henri believed that segregating work in the workforce amongst the workers will enhance the quality of the
product. Similarly, he also concluded that the division of work improves the productivity, efficiency, accuracy
and speed of the workers. This principle is appropriate for both the managerial as well as a technical work
level.

2. Authority and Responsibility

These are the two key aspects of management. Authority facilitates the management to work efficiently, and
responsibility makes them responsible for the work done under their guidance or leadership.

3. Discipline

Without discipline, nothing can be accomplished. It is the core value for any project or any management. Good
performance and sensible interrelation make the management job easy and comprehensive. Employees’ good
behaviour also helps them smoothly build and progress in their professional careers.

4. Unity of Command

This means an employee should have only one boss and follow his command. If an employee has to follow
more than one boss, there begins a conflict of interest and can create confusion.

5. Unity of Direction

Whoever is engaged in the same activity should have a unified goal. This means all the people working in a
company should have one goal and motive which will make the work easier and achieve the set goal easily.

6. Subordination of Individual Interest

This indicates a company should work unitedly towards the interest of a company rather than personal interest.
Be subordinate to the purposes of an organisation. This refers to the whole chain of command in a company.

7. Remuneration

This plays an important role in motivating the workers of a company. Remuneration can be monetary or non-
monetary. Ideally, it should be according to an individual’s efforts they have put forth.

8. Centralization
In any company, the management or any authority responsible for the decision-making process should be
neutral. However, this depends on the size of an organisation. Henri Fayol stressed on the point that there
should be a balance between the hierarchy and division of power.

9. Scalar Chain

Fayol, on this principle, highlights that the hierarchy steps should be from the top to the lowest. This is
necessary so that every employee knows their immediate senior also they should be able to contact any, if
needed.

10. Order

A company should maintain a well-defined work order to have a favourable work culture. The positive
atmosphere in the workplace will boost more positive productivity.

11. Equity

All employees should be treated equally and respectfully. It’s the responsibility of a manager that no
employees face discrimination.

12. Stability

An employee delivers the best if they feel secure in their job. It is the duty of the management to offer job
security to their employees.

13. Initiative

The management should support and encourage the employees to take initiatives in an organisation. It will help
them to increase their motivation and morale.

14. Esprit de Corps

It is the responsibility of the management to motivate their employees and be supportive of each other
regularly. Developing trust and mutual understanding will lead to a positive outcome and work environment.

In conclusion, the 14 Principles of Management the pillars of any organisation. They are integral for
prediction, planning, decision-making, process management, control and coordination

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