The document outlines 14 principles of management by Henri Fayol including division of work, authority and responsibility, discipline, unity of command, unity of direction, centralization, scalar chain, order, equity, stability, and initiative. Fayol believed dividing work improves productivity and segregating duties enhances quality, while discipline and a defined hierarchy are necessary for any management.
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The document outlines 14 principles of management by Henri Fayol including division of work, authority and responsibility, discipline, unity of command, unity of direction, centralization, scalar chain, order, equity, stability, and initiative. Fayol believed dividing work improves productivity and segregating duties enhances quality, while discipline and a defined hierarchy are necessary for any management.
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HELLO EVERYONE
14 Principles of Management by Henri Fayol
1.Division of Work • Henri believed that segregating work in the workforce amongst the worker 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 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 5. Unity of Direction 6. 7. 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 organization. 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 13. Initiative 14.