Summary Henri Fayol's 14 principles of management fully detailed with MCQs and case studies
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Business studies
Institution
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Business Studies for Class 12 | CBSE (NCERT Solved) | Examination 2023-2024 | By RK Singla
in depth-detailed notes of principles of management curated by henri fayol. Highly detailed notes to ensure a deep understanding of what these principles mean, their significance, how they are applied to organizations
ry
2. 14 principles in full detail
3. MCQs
4. Case studies
Henri Fayol (1841-1925) was a French mining engineer, industrialist, and management
theorist. He is widely recognized as one of the pioneers of modern management theory.
Fayol is known for his work on administrative management and his development of the 14
principles of management.
Fayol began his career in the mining industry and eventually became the managing director
of a French mining company called Compagnie de Commentry-Fourchambault-Decazeville.
Through his experiences in managing the company, Fayol developed a comprehensive
understanding of the challenges and complexities of organizational management.
In 1916, Fayol published his influential book "Administration Industrielle et Générale," which
was later translated into English as "General and Industrial Management." In this book,
Fayol presented his theories and principles of management, which had a significant impact
on the development of management thought.
Fayol's most notable contribution was the development of the 14 principles of management,
which provided a framework for effective management practices. These principles
encompassed various aspects of management, including division of work, authority and
responsibility, discipline, unity of command, unity of direction, and more.
While Fayol's work was initially more prominent in Europe, his ideas gained recognition and
influence worldwide. His principles of management continue to be taught in management
courses and serve as a foundation for understanding and practicing effective management.
Henri Fayol's contributions to the field of management made him a key figure in the history of
management theory. His work laid the groundwork for subsequent management theories and
frameworks, and his principles continue to shape modern management practices.
, Henri Fayol, proposed 14 principles of management that are widely recognized and applied
in the field of management:
1. Division of Work: Work should be divided and assigned to individuals based on their
specialization and expertise to improve efficiency and productivity.
2. Authority and Responsibility: Managers have the authority to give orders and the
corresponding responsibility to ensure tasks are completed successfully.
3. Discipline: Employees should follow established rules and guidelines to maintain order
and promote respect within the organization.
4. Unity of Command: Each employee should receive instructions from only one manager to
avoid confusion and conflicts.
5. Unity of Direction: All individuals and departments should work towards the same
objectives and follow a common plan to achieve organizational goals.
6. Subordination of Individual Interest to General Interest: Individual interests should be
subordinate to the collective interests of the organization to promote teamwork and unity.
7. Remuneration: Employees should be fairly compensated for their work, taking into
account factors such as skills, responsibilities, and market conditions.
8. Centralization: The degree to which decision-making authority is concentrated at the top
of the organization should be balanced based on the circumstances and nature of the work.
9. Scalar Chain: There should be a clear and unbroken chain of command from the top
management to the lowest levels of the organization for effective communication and
coordination.
10. Order: Resources and personnel should be organized in the most efficient manner to
achieve organizational objectives.
11. Equity: Employees should be treated with fairness, justice, and impartiality to promote a
positive work environment and employee satisfaction.
12. Stability of Tenure: Employees should be provided with job security to reduce turnover
and build a stable workforce.
13. Initiative: Employees should be encouraged to take initiative, be creative, and contribute
to the continuous improvement of the organization.
14. Esprit de Corps: Team spirit and harmony among employees should be fostered to
create a cohesive and supportive work environment.
These principles provide guidelines for effective management and are applicable to various
types of organizations and industries. They emphasize the importance of coordination,
discipline, fairness, and employee engagement in achieving organizational success
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