The Fayol's Principle of Management

Updated on 26 August 2021

By Lakshmi Sharma

9 min read 101 views

Updated on 26 August 2021

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This article explains the administrative theory and management by Henry Foyal's in a particular way. After reading this you will be able to understand the basics of this -powerful management tool.

What are the 14 Principles of Management of Henri Fayol? | toolshero

The 14 Principles of Henry Fayol

1. Division of Work

According to this principle, the work is divided into different kinds such as technical financial, commercial accounting and managerial It is assigned to employees as per their qualities and capabilities

2. Division of Work

3. Discipline

Employers must obey and respect the rules that govern the organization.

4. Unity of Command

Each member of the organization should receive orders from only care & supervisor

5. Unity of Direction

The principle states that there should be one head and are planned in every organization.

6. Subordination of individual interests to the general interest

According to this principle the interest of an individual must be given less importance than the interest of organization

7. The Degree of Centralization

According to this principle there must be a proper balance between centralization and decentralization in the organization

8. Remuneration

Employees must be given fair remuneration wages or salary to keep them satisfied financially as well as retain them for a long span of time within the organization. Such as skills, expertise, knowledge, Tenure, cast of living, market trend profitability of the organization

9. Line of Authority / Scalar Chain

Scalar chain means the hierarchy of authority from the top level to the lower level for the purpose of communication.

10. Principle of Order

Scalar chain means the hierarchy of authority from the top level to the lower level for the purpose of communication.

11. Equity

Management should be fair as well as friendly to the subordinates.

12. Stability of tenure of personnel

At the time of recruitment of employers, the management should assure them about stability of tenure and job security.

13. Line of Authority / Scalar Chain

Scalar chain means the hierarchy of authority from the top level to the lower level for the purpose of communication.

14. Esprit de corps / Team work

If all employee working as a union and with mutual trust the difficulties can be solved quickly.