Friday, March 29, 2013

14 Principles of Management by Henri Fayol

The work in an shaping must be shared out among individuals and departments. Different departments differing jobs

2. Authority and Responsibility:
There should be a proper balance between authority and responsibility.
Higher up the ladder should wee-wee more responsibility

3. Discipline:
The best agent of maintaining discipline is to have:
Disciplined superiors at all levels,
elapse and fair agreements, and
Judicious use of all penalties.

4. Unity of predominate:
It means a subordinate should receive orders from only atomic number 53 superior. There should not be multiple bosses.

5. Unity of explosive charge:
There should be one head, and one plan for a conclave of activities having the selfsame(prenominal) objective.
For instance, if there are 10 salesmen, selling the same production in the same area, and if there are 2 sales supervisors, each in charge of 5 men, then all(prenominal) salesman would take orders from their respective supervisors. There will be consonance of direction only when all the sales plans are co-ordinated at a higher level.

6. Subordination of individual involvement to general interest:
In other words, the interest of the organization should come first and then individual or group interest. This can be ensured by:
Good example on the part of superiors,
Having fair agreements, and
Constant supervision.

7.

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Remuneration:
Wages and salaries should be fair. It should depend on circumstances, such as cost of living, big businessman of the company to pay, prevailing wage rates in the industry.
isolated from financial benefits, non-financial benefits be provided such as good functional conditions, canteen facilities, recreation facilities, etc.

8. Centralization:
Certain matters are to be centralized and others to be decentralized. There is a need to have a proper balance between centralization and decentralization.

9. scalar Chain:
It refers to the line of command from top level to the concluding level.
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