Henri Fayol’s 14 Principles of Management Explained in English | CBSE Class 12 Commerce Suggestion
Henri Fayol (1841-1925) was a French Mechanical engineer who gave 14 general principles of Management which are as under:-
– Division of Work:- Work is divided into small tasks/jobs and each one is done by a trained specialist which leads to greater efficiency.
– Authority and Responsibility: – Managers are empowered with authority to give orders and obtain obedience and responsible for the accomplishment of tasks for which they are granted authority.
– Discipline: – It is the obedience to organizational rules and employment agreement that are necessary for the working of the organization.
– Unity of Command:- There should be only one boss for every employee.
– Unity of Direction: – Each group of activities having the same objective must have one head and one plan.
– Subordination of Individual Interest to General Interest: – The interest of an organization should take priority over the interests of any one individual employee.
– Remuneration of Employees:- The overall pay and compensation should be fair to both employees and the organization.
– Centralization and Decentralization: – The concentration of decision-making authority is called centralization whereas its dispersal among more than one person is known as decentralization. Both should be balanced.
– Scalar Chain: The formal lines of authority between superiors and subordinates from the highest to the lowest ranks is known as a scalar chain.
– Order:- A place for everything (everyone) and everything (everyone) in its place.
– Equity:- The working environment of any organization should be free from all forms of discrimination and the principles of justice and fair play should be followed.
– Stability of Personnel: After being selected and appointed after the due and rigorous procedure the selected person should be kept at the post for a minimum period decided to show results.
– Initiative:- Workers should be encouraged to develop and carry out their plans for improvements.
– Esprit De Corps:- Management should promote team spirit, unity, and harmony among employees.
Henri Fayol’s 14 Principles of Management Explained in English | CBSE Class 12 Commerce Suggestion
Henri Fayol (1841-1925) was a French Mechanical engineer who gave 14 general principles of Management which are as under:-
– Division of Work:- Work is divided into small tasks/jobs and each one is done by a trained specialist which leads to greater efficiency.
– Authority and Responsibility: – Managers are empowered with authority to give orders and obtain obedience and responsible for the accomplishment of tasks for which they are granted authority.
– Discipline: – It is the obedience to organizational rules and employment agreement that are necessary for the working of the organization.
– Unity of Command:- There should be only one boss for every employee.
– Unity of Direction: – Each group of activities having the same objective must have one head and one plan.
– Subordination of Individual Interest to General Interest: – The interest of an organization should take priority over the interests of any one individual employee.
– Remuneration of Employees:- The overall pay and compensation should be fair to both employees and the organization.
– Centralization and Decentralization: – The concentration of decision-making authority is called centralization whereas its dispersal among more than one person is known as decentralization. Both should be balanced.
– Scalar Chain: The formal lines of authority between superiors and subordinates from the highest to the lowest ranks is known as a scalar chain.
– Order:- A place for everything (everyone) and everything (everyone) in its place.
– Equity:- The working environment of any organization should be free from all forms of discrimination and the principles of justice and fair play should be followed.
– Stability of Personnel: After being selected and appointed after the due and rigorous procedure the selected person should be kept at the post for a minimum period decided to show results.
– Initiative:- Workers should be encouraged to develop and carry out their plans for improvements.
– Esprit De Corps:- Management should promote team spirit, unity, and harmony among employees.
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