14 MANAGEMENT PRINCIPLES
14 MANAGEMENT PRINCIPLES Developed by Henry Fayol (1841-1925) a French industrialist and other management practitioners Focused their attention on development of MGT functions and principles for universal application. Had broader perspective of improving total organization rather than technical efficiency alone. 14 MANAGEMENT PRINCIPLES Division of work: Limiting individual’s work to single leading function increases efficiency and effectiveness. Authority and responsibility: The right to give orders, whenever there is authority, responsibility arises. Discipline: Respect and obedience to organizational rules. Unity of command: Every employee must receive orders and be accountable to only one boss. Unity of direction: There should be one head and one plan for a group of activities having same objective. Subordination of individual to general interest: Interest of any employee or group of empl...