![]() Similarly, the manager should be made answerable to a proper authority.ĪDVERTISEMENTS:A provision for adequate reward and suitable punishment is the essence of a good management which should be properly looked into. He should be adequately authorised for the purpose. This would help the enterprise to grow and prosper.(2) Authority and Responsibility:In any management process, delegation of power, utilisation of authority and fixation of responsibility are the key to success. ![]() With division of work he thought that unit production would increase. He advocated division of work at every stage and in every sphere. ADVERTISEMENTS:(1) Division of Work:Division of work should be according to work, department, job etc., is one of the most important contributions of Henri Fayol to modern management. Espirit de Corps.Henry Fayol’s 14 Prnciples of Management Principles of Management by Henry Fayol – 14 Principles of ManagementFayol was of this view that any effective management should be based on the following fourteen principles. Sub-Ordination of the Individual Interest 9. ![]() Suitable and Adequate Remuneration of Personnel 7.Ĭentralisation 8. Authority and Responsibility 3.ĭiscipline 4. He, however, recognised that there was no limit to the number of principles of management and the principles laid down by him were flexible and capable of adaptation to every need.The fourteen principles of management given by Henry Fayol are:-1. It establishes a cause and effect relationship between two or more variables.Today, there is a very lengthy list of management principles and it is not possible to give an exhaustive of these principles.ĪDVERTISEMENTS:Fayol suggested fourteen principles of management which he found most frequently to apply in his work. ![]() These act as a guiding rule of laws for managerial action. A number of principles of management have been developed to aid managers in performing their function well.A management principle is a statement of a general truth about organization or management. ADVERTISEMENTS:Everything you need to know about the principles of management by Henry Fayol. ![]()
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