henry fayol 14 principles of management

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HENRI FAYOLS HENRI FAYOLS

14 Principles 14 Principles of Management of Management

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1. DIVISION OF WORK1. DIVISION OF WORK::Work should be divided among individuals and groups to ensure  that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization.

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2. AUTHORITY2. AUTHORITY::The concepts of Authority and responsibility are closely related. Authority was defined by Fayol as the right to give orders and the power to exact obedience. Responsibility involves being accountable, and is therefore naturally associated with authority. Whoever assumes authority also assumes responsibility.

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3. DISCIPLINE3. DISCIPLINE::A successful organization requires the common effort of workers. Penalties should be applied astutely to encourage this common effort.

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4. UNITY OF COMMAND4. UNITY OF COMMANDWorkers should receive orders from only one manager.  

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5. UNITY OF DIRECTION5. UNITY OF DIRECTION::The entire organization should be moving towards a common objective in a common direction.

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6. SUBORDINATION OF 6. SUBORDINATION OF INDIVIDUAL INTERESTS TO INDIVIDUAL INTERESTS TO THE GENERAL INTERESTSTHE GENERAL INTERESTS::The interests of one person should not take priority over the interests of the organization as a whole.

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7. REMUNERATION7. REMUNERATION::Payment as an important motivator.Employees must be paid a fair wage. Rewards should be used as a tool of encouragement.

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8. CENTRALIZATION8. CENTRALIZATION::Fayol defined centralization as lowering the importance of the subordinate role. Decentralization is increasing the importance. The degree to which centralization or decentralization should be adopted depends on the specific organization in which the manager is working.

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The line of authority from top to the lowest ranks of management.

ORGANIZATIONAL CHARTORGANIZATIONAL CHART--An organizations reporting structure.-Arrangement of positions in an organization-Type of Division used in the organization.

9. SCALAR CHAIN9. SCALAR CHAIN::

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10. ORDER:10. ORDER:Materials and people should be in right place at right time.

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11. EQUITY11. EQUITY::All employees should be treated as equally as possible.

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12. STABILITY OF TENURE 12. STABILITY OF TENURE OF PERSONNELOF PERSONNEL::

Retaining productive employees should always be a high priority of management.

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13. INITIATIVE13. INITIATIVE::The power of thinking out, proposing and executing. The power or opportunity to do something. Management should encourage employees to originate and carry out plans.

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14. ESPRIT DE CORPS14. ESPRIT DE CORPS::Management should encourage harmony and general good feelings among employees.

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THANK YOU FOR LISTENINGTHANK YOU FOR LISTENING