Hiw many foyal principal

14 principal of fayol

14

92 Put A Principles and Functions of Management Fayol's Principles of Management. Fayol the Father of Management Studies contributed a grea research work in the field of management. He developed fourteen major principles which are 0 Division of work. Dividing the whole work into small segments to get specialisation (ii)Authority and responsibility. Match or balance between the authority and responsibilitymust (iii) Discipline. Respect for agreements, which are directed at achieving obedience applying full energy for achieving organisational goals. (iv) Unity of command. Orders or commands from a single boss (V) Unity of direction. Efforts of all the employees to be directed towards common direction of achieving organisational goal (Vi) Subordination of individual interest to general interest: Organisational interest must Supersede over individual interest (vii) Remuneration of persons. Fair or adequate wages to workers (viii) Centralisation and decentralisation. Proper combination Centralisation and decentralisation. Proper combination of centralisation and decentralisation at different levels. (ix) Scalar chain. Line of authority to be followed in the organisation (x) Order. Orderly placement of men and materials in the organisation (xi) Equity. Kind, fair and just treatment to employees (xii) Stability of tenure of personnel. Avoid frequent turnover and rotation of employees. (xiii)Initiative. Encouraging employees to give suggestions (xiv) Esprit de corps. Work with team spirit

14

14

Principles of Management developed by Fayol

1. Division of work: Work is divided in small tasks/job and each work is done by a trained specialist which leads to greater efficiency, specialization, increased productivity and reduction of unnecessary wastage and movements.

2. Authority and Responsibility: Authority means power to take decisions and responsibility means obligation to complete the job assigned on time. Authority and responsibility should go hand in hand. Mere responsibility without authority, makes an executive less interested in discharging his duties. Similarly giving authority without assigning responsibility makes him arrogant and there is fear of misuse of power.

3. Discipline: t is the obedience to organizational rules by the subordinates. Discipline requires good supervisors at all levels, clear and fair agreements and judicious application of penalties.

4. Unity of Command: t implies that every worker should receive orders and instructions from one superior only, otherwise it will create confusion, conflict, disturbance and overlapping of activities.