Principles of Management Definition:
Principles of management
are fundamental rules of
management that could be taught in schools and
applied in all organizational situations.
Fayol's 14 Principles of Management:
- Division of work:
Specialization increases output by making employees more efficient.
- Authority:
Managers must be able to give orders and authority gives them this right.
- Discipline:
Employees must obey and respect the rules that governs the organization.
- Unity of command:
Every employee should receive orders from only one superior
- Unity of direction:
The organization should have a single plan of action to guide managers and
workers.
- Subordination of the individual
interests to the general interest: The interest
of any one employee or group of employees should not take precedence over
the interests of the organization as a whole.
- Remuneration:
Workers must be paid a fair wages for their services.
- Centralization:
This term refers to the degree to which subordinates are involved in
decision making.
- Scalar chain:
The line of authority from top management to the lowest ranks is the
scalar chain.
- Order:
People and materials should be in the right place at the right time.
- Equity:
Managers should be kind and fair to their subordinates.
- Stability of tenure of personnel:
Management should provide orderly personnel planning and ensure that
replacements are available to fill vacancies.
- Initiative:
Employees who are allowed to originate and carry out plans will exert high
levels of efforts.
- Esprit de corps:
Promoting team spirit will build harmony and unity within the
organization.
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