what are the 14 Management Principles of Fayol's?

Answer 1

Fayol's 14 Principles of Management are as follows:

1. Division of Work: Work should be divided among individuals and groups to increase efficiency and specialization.
2. Authority and Responsibility: Managers have the right to give orders and the responsibility to ensure tasks are carried out.
3. Discipline: Employees should obey rules and regulations that govern the organization.
4. Unity of Command: Each employee should receive instructions from only one manager to avoid confusion and conflict.
5. Unity of Direction: Activities within the organization should be directed towards the same objectives.
6. Subordination of Individual Interests to the Common Good: Personal interests should not override the goals and interests of the organization as a whole.
7. Remuneration: Employees should be fairly compensated for their work.
8. Centralization: The level of centralization in an organization should be determined based on the nature of the tasks and the competence of employees.
9. Scalar Chain: Clear communication and authority should follow the formal chain of command within the organization.
10. Order: There should be a place for everything and everything should be in its place to maintain order and efficiency.
11. Equity: Employees should be treated fairly and justly.
12. Stability and Tenure: Organizations should aim to reduce employee turnover to maintain stability and continuity.
13. Initiative: Employees should be encouraged to take initiative and pursue innovations that benefit the organization.
14. Esprit de Corps: Promote team spirit and harmony among employees to foster a positive work culture.