Henry Fayol 14 Principles of Management

1. 3.Authority and Responsibility-

2. These are the two key aspects of management. Authority facilitates the management to work efficiently, and responsibility makes them responsible for the work done under their guidance or leadership.

3. 4.Unity of Command

4. This means an employee should have only one boss and follow his command. If an employee has to follow more than one boss, there begins a conflict of interest and can create confusion

5. 6.Subordination of Individual Interest

6. This indicates a company should work unitedly towards the interest of a company rather than personal interest. Be subordinate to the purposes of an organization. This refers to the whole chain of command in a company.

7. 8.Centralization

8. In any company, the management or any authority responsible for the decision-making process should be neutral. However, this depends on the size of an organization.

9. 10.Order

10. A company should maintain a well-defined work order to have a favourable work culture. The positive atmosphere in the workplace will boost more positive productivity.

11. 12.Stability

12. An employee delivers the best if they feel secure in their job. It is the duty of the management to offer job security to their employees

13. 14.Esprit de Corps

14. It is the responsibility of the management to motivate their employees and be supportive of each other regularly. Developing trust and mutual understanding will lead to a positive outcome and work environment.

15. 1. division of work

15.1. Henri believed that segregating work in the workforce amongst the worker will enhance the quality of the product. Similarly, he also concluded that the division of work improves the productivity, efficiency, accuracy and speed of the workers.

16. Without discipline, nothing can be accomplished. It is the core value for any project or any management. Good performance and sensible interrelation make the management job easy and comprehensive.

17. 2.Discipline

18. 5.Unity of Direction

19. Whoever is engaged in the same activity should have a unified goal. This means all the person working in a company should have one goal and motive which will make the work easier and achieve the set goal easily

20. 7.Remuneration

21. This plays an important role in motivating the workers of a company. Remuneration can be monetary or non-monetary. However, it should be according to an individual’s efforts they have made.

22. 9.Scalar Chain

23. Fayol on this principle highlights that the hierarchy steps should be from the top to the lowest. This is necessary so that every employee knows their immediate senior also they should be able to contact any, if needed.

24. 11.Equity

25. All employees should be treated equally and respectfully. It’s the responsibility of a manager that no employees face discrimination

26. 13.Initiative

27. The management should support and encourage the employees to take initiatives in an organization. It will help them to increase their interest and make then worth.