27-04-2017, 11:00 AM
28-04-2017, 10:00 AM
14 principles of management are statements that are based on a fundamental truth. These management principles serve as a guide for decision-making and management actions. They are elaborated through observations and analysis of events that managers find in practice.
Principles of management developed by Henri Fayol:
1. DIVISION OF WORK:
Work must be divided between individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented the specialization of work as the best way to use the human resources of the organization.
2. AUTHORITY:
The concepts of Authority and responsibility are closely related. Authority was defined by Fayol as the right to give orders and the power of exact obedience. Responsibility implies to be responsible and, therefore, naturally associated with authority. Whoever assumes authority also takes responsibility.
3. DISCIPLINE:
A successful organization requires the common effort of the workers. Sanctions should be judiciously applied to foster this common effort.
4. COMMAND UNIT:
Workers must receive orders from only one manager.
5. ADDRESS UNIT:
The whole organization should move towards a common goal in a common direction.
6. SUBORDINATION OF INDIVIDUAL INTERESTS TO GENERAL INTERESTS:
A person's interests should not take precedence over the interests of the organization as a whole.
7. REMUNERATION:
Many variables, such as the cost of living, the supply of qualified personnel, general business conditions and business success, should be considered in determining the rate of remuneration of a worker.
8. CENTRALIZATION:
Fayol defined centralization as reducing the importance of the subordinate role. Decentralization is increasing in importance. The degree to which centralization or decentralization should be taken depends on the specific organization in which the manager is working.
9. SCALAR CHAIN:
Managers in hierarchies are part of a chain as the scale of authority. Each manager, from the front line supervisor to the president, has certain amounts of authority. The President has the highest authority; The first line supervisor less. Lower level managers should always keep senior managers informed of their work activities. The existence of a scalar chain and adherence to it are necessary for the organization to succeed.
10. ORDER:
For the sake of efficiency and coordination, all materials and persons related to a specific type of work should be treated in the most equitable way possible.
11. EQUITY:
All employees should be treated in the most equitable manner possible.
12. STABILITY OF PERSONNEL TENENCE:
Keeping employees productive should always be a high priority of management. Recruitment and selection costs, as well as increased product rejection rates, are generally associated with hiring new workers.
13. INITIATIVE:
Management must take measures to encourage workers' initiative, which is defined as new or additional work activity undertaken through self-direction.
14. CORPS SPIRIT:
Management should foster harmony and good general feelings among employees.
Principles of management developed by Henri Fayol:
1. DIVISION OF WORK:
Work must be divided between individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented the specialization of work as the best way to use the human resources of the organization.
2. AUTHORITY:
The concepts of Authority and responsibility are closely related. Authority was defined by Fayol as the right to give orders and the power of exact obedience. Responsibility implies to be responsible and, therefore, naturally associated with authority. Whoever assumes authority also takes responsibility.
3. DISCIPLINE:
A successful organization requires the common effort of the workers. Sanctions should be judiciously applied to foster this common effort.
4. COMMAND UNIT:
Workers must receive orders from only one manager.
5. ADDRESS UNIT:
The whole organization should move towards a common goal in a common direction.
6. SUBORDINATION OF INDIVIDUAL INTERESTS TO GENERAL INTERESTS:
A person's interests should not take precedence over the interests of the organization as a whole.
7. REMUNERATION:
Many variables, such as the cost of living, the supply of qualified personnel, general business conditions and business success, should be considered in determining the rate of remuneration of a worker.
8. CENTRALIZATION:
Fayol defined centralization as reducing the importance of the subordinate role. Decentralization is increasing in importance. The degree to which centralization or decentralization should be taken depends on the specific organization in which the manager is working.
9. SCALAR CHAIN:
Managers in hierarchies are part of a chain as the scale of authority. Each manager, from the front line supervisor to the president, has certain amounts of authority. The President has the highest authority; The first line supervisor less. Lower level managers should always keep senior managers informed of their work activities. The existence of a scalar chain and adherence to it are necessary for the organization to succeed.
10. ORDER:
For the sake of efficiency and coordination, all materials and persons related to a specific type of work should be treated in the most equitable way possible.
11. EQUITY:
All employees should be treated in the most equitable manner possible.
12. STABILITY OF PERSONNEL TENENCE:
Keeping employees productive should always be a high priority of management. Recruitment and selection costs, as well as increased product rejection rates, are generally associated with hiring new workers.
13. INITIATIVE:
Management must take measures to encourage workers' initiative, which is defined as new or additional work activity undertaken through self-direction.
14. CORPS SPIRIT:
Management should foster harmony and good general feelings among employees.