14 PRINCIPLES OF MANAGEMENT AS REFERED BY HENRI FAYOL

In this topic, you will learn about, 14 PRINCIPLES OF MANAGEMENT AS REFERRED BY HENRI FAYOL.

By following these 14 principles of Henri Fayol a business organization can increase its profitability as well as efficiency.

14 PRINCIPLES OF MANAGEMENT AS REFERRED BY HENRI FAYOL:

DAS UC USSR OT SEE

  1. D – Division of Work. (Right person at right place at right time, movement).
  2. A – Authority of responsibility.
  3. D – Discipline.
  4. U – Unity of command/ chain of command.
  5. C – For any business organization centralization and decentralization is equally important.
  6. U – For any business organization there should be a unity of direction.
  7. S – Scalar chain.
  8. S – For any business organization stability of tenure. (Tenure means time).
  9. R – Here R represents remuneration. (Ways, salary, incentives, bonus, and rewards) it acts as a motivation for the employee.
  10. O – Order.
  11. I – initiative.
  12. S – subordinates (subordination of individual interest to general/interest business.
  13. E – Equity.
  14. E – Esprit De-crop (French word).

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See also  Characteristics of Management