Henry Fayol's 14 Principles Of Management Theory
- Division of work:-the more staff socialized, the more efficient they can perform their work
- Authority and Responsibility:-Authority is the right to command and the power to make people obey. Along with authority goes responsibility
- Discipline:-Employees need to obey and respect the rules that govern the organization
- Unity of command:-Every employee should receive orders and instructions from only one superior
- Unity of direction:-There should be one manager and one plan for all operations having the same objective
- Subordination of individual interests to the general interest:-the general interests of the organization must take precedence over individual/personal interests
- Remuneration:-Workers must be paid a fair wage for their services
- Centralization:- Whether decision making is centralized or decentralized is a matter of proper proportion
- Scalar chain: It is a graded chain of authority from top to bottom through which all communications flow
- Order:-People and materials should be in the right place and right time
- Equity:- Manager should be fair, just and impartial and unbiased to their subordinates
- Stability of tenure of personnel: The management must implement a plan of action which encourage long range commitment of employees
- Initiatives- The opportunity to perform independently is an essential component of employee growth and development
- Esprit de corps:-Need for teamwork and the importance of effective communication in obtaining it.