which principle of fayol are used in himalaya company
#1

which principle of fat old is use in himalaya
Reply
#2

Division of work - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labour, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.When an individual does the same job repeatedly he acquires speed and accuracy in performance. In words of Fayol," The worker always on the same post, the manager always concerned with the same matters, acquires an ability, sureness and accuracy which increases their output".
Authority and Responsibility - Authority is the right to give orders and obtain obedience, and responsibility is the corollary of authority.
Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective leadership.
Unity of command - Every employee should receive orders from only one superior or behalf of the superior.
Unity of direction - Each group of organizational activities that have the same objective should be directed by one manager using one plan for achievement of one common goal.
Subordination - The interests of any one employee or group of employembmes should not take precedence over the interests of the organization as a whole.
Remuneration - All Workers must be paid a fair wage for their services.
Centralization - Centralization refers to the degree to which subordinates are involved in decision making.
Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
Order - this principle is concerned with systematic arrangement of men, machine, material etc. There should be a specific place for every employee in an organization
Equity - Managers should be kind and fair to their subordinates.
Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
Initiative - Employees who are allowed to originate and carry out plans will exert high levels of effort.
Esprit the corps - Promoting team spirit will build harmony and unity within the organization.
While Fayol came up with his theories almost a century ago, many of his principles are still represented in contemporary management theories. Many of today’s management texts including Richard L. Daft's have reduced the six functions to five: (1) planning; (2) organizing; (3) leading; (4) controlling (5) forecasting. Daft's text is organized around Fayol's six functions.
Reply

Important Note..!

If you are not satisfied with above reply ,..Please

ASK HERE

So that we will collect data for you and will made reply to the request....OR try below "QUICK REPLY" box to add a reply to this page
Popular Searches: which fayol principle of management applied in bata company, competitors of himalaya drug company, principle of management used in dom, himalaya company ppt, which fayol principle of management applicable in amul or which is not, on himalaya drug company ppt, financial statement of himalaya drug company,

[-]
Quick Reply
Message
Type your reply to this message here.

Image Verification
Please enter the text contained within the image into the text box below it. This process is used to prevent automated spam bots.
Image Verification
(case insensitive)

Possibly Related Threads...
Thread Author Replies Views Last Post
  principle of management followed in subway 0 627 07-04-2021, 09:46 PM
Last Post:
  Which principles of management by henry fayol are followed by easy day 0 6,663 14-06-2020, 02:00 PM
Last Post:
  fayol principles applied in big bazaar 1 2,147 18-01-2019, 11:45 AM
Last Post:
  specimen presentation of letters issued by company pdf 2 2,102 08-01-2019, 01:07 PM
Last Post:
  sp project of specimen presentation of letters issued by company 2 2,294 09-12-2018, 08:54 PM
Last Post:
  principles of henri fayol s followed by the company hero 3 1,748 16-11-2018, 10:55 PM
Last Post:
  project on fayol principles of management applied in cadbury 0 1,475 23-08-2018, 03:35 PM
Last Post: Guest
  fayol principle used in apollo 1 760 18-08-2018, 07:00 AM
Last Post: Guest
  fayol principle used in apollo 0 697 18-08-2018, 06:54 AM
Last Post: Guest
  bst project on bigbazaar based on fayol s principles 0 781 25-07-2018, 05:15 PM
Last Post: Guest

Forum Jump: