FAYOL’S PRINCIPAL OF MANAGEMENT

Fayol’s listed fourteen principles of management growing out of his experience given below:

1. DIVISION OF WORK: Work should be divided between employees on the basis of their specialization and professionality so that they can produce best possible results.

2. AUTHORITY AND RESPONSIBILITY: Authority is a power and responsibility is accountability. He said that every person is responsible for his authority.
3. DISCIPLINE: Discipline is “respect for agreements among people” and is essential at all levels for good management.
4. UNITY OF COMMAND: This means that employees should receive others from one authority only.
5. UNITY OF DIRECTION: Each group of activities with the same objective must have one head and one plan.
6. SUBORDINATION OF INDIVIDUAL TO GENERAL INTEREST: General interest should dominate the personal liking and disliking of employees.
7. REMUNERATION: Remuneration and methods of payment should be fair and satisfactory to employees.
8. CENTRALIZATION: The extent to which authority is concentrated or dispersed should be outlined clearly.
9. SCALAR CHAIN: A single manager should not look after entire work himself but he should share his burden by giving authorities to juniors to establish a chain of link called chain of command.
10. ORDER: It refers for everything at its place. This is the principle of organization in the arrangement of things and principles.
11. EQUITY: Management should handle the employees honestly, fairly and kindly. Only in this way, you can expect loyality, sincerity and devotions from employees.
12. STABILITY OF TENURE: The job provided should be of a permanent nature and continuity. It is a temporary job no body will take it seriously.
13. INITIATIVE: Manager should “sacrifice personal vanity” in order to permit and encourage subordinates to exercise it. It may help to explore the hidden talent and technical capabilities.
14. UNITY IS THE STRENGTH: Let the employees be guided to develop teamwork and team spirits, sense of co-ordination and spirit of joint efforts, in order to achieve goals.