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 employees should not precede organizational interest.
Remuneration:
Amount
and methods of remuneration should be just and fair.
Centralization:
Degree of concentration
of authority should be based upon optimum utilization of all faculties of
personnel. The extent to which authority is centralized depending on size and
quality of managers.
Scalar chain:
The
line of authority from top to bottom of the organization.
Equity:
Treatment
of all employees fairly and with justice.
Stability of tenure of
personnel:
Ensure
job security for employees to work efficiently.
Order:
Arrangement
of things and placement of people. Everything should be on its place e.g.
material arranged properly in right place, right man placed in the right place
etc.
Initiative:
Opportunity/freedom
to think for oneself and use discretion in doing things. This increase interest
of employees on their jobs and provide job satisfaction.
Esprit de corps:
Promoting
team spirit will build harmony and unity within an organization. Team spirit
creates synergy i.e. (2+2=5); thus, the whole is greater than
the sum of its parts.
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