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Q.Explain the principles of management as suggested by Henry Fayol.
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2023Subjective· 8mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →Henri Fayol's fourteen principles of management are broad, flexible guidelines for effective administration.
Henri Fayol, the father of modern management, laid down fourteen principles of management:
- Division of Work — splitting work into specialised tasks increases efficiency through expertise.
- Authority and Responsibility — authority (right to command) must be matched by responsibility (obligation to perform); the two should be balanced.
- Discipline — obedience to rules and agreements is essential; it requires good superiors and clear rules.
- Unity of Command — each employee should receive orders from only one superior to avoid confusion.
- Unity of Direction — one head and one plan for a group of activities having the same objective.
- Subordination of Individual Interest to General Interest — the interest of the organisation must prevail over personal interest.
- Remuneration of Employees — pay should be fair and satisfactory to both employees and the organisation.
- Centralisation and Decentralisation — there should be a proper balance between concentration and dispersal of authority.
- Scalar Chain — a clear line of authority from top to bottom, with the gang plank allowing a short-cut in emergencies.
- Order — a proper place for everything and everyone (material and social order).
- Equity — managers should be kind, fair and just to subordinates. …
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