A brief intro to management principles, its types(Fundamental and scientific) and comparison between fundamental and scientific principles.

1. Management
Principles
Priyanshi Parashar

2. Contents
Management
Management Principles
Henri Fayol’s Principles of Management
Principles of Scientific Management
Taylor vs Fayol

3. What is Management ?

4. Management
Principles

5. Introduction
 A principle refers to fundamental truth.
 They serve as a guide to thought & action.
 These principles are derived:-
* On the basis of observations and analysis.
* By conducting experimental studies.

6. Henri Fayol’s
Principles of
Management
(Fundamental
Principles)

7. Fundamental Principles
 Division of work: Division of work among various
individuals to bring specialization in every activity.
Authority & Responsibility: Authority denotes
the right or power to give order to the
subordinates. Responsibility means the duty which
the subordinates is expected to perform.
Discipline: Getting obedience to rules &
regulations.

8.  Unity of Command: Subordinate should receive orders
from one superior only.
 Unity of Direction: One head & one plan for a group of
activities having the same objectives.
 Subordination of Individual Interest to the General
Interest: The interest of the organization must prevail
upon the personal interest of individuals.
 Remuneration of Personnel: The employee must be
remunerated fully for their services rendered to the
organization.
 Centralization: Concentration of authority at one place or
at one level.

9. Scalar Chain: Chain of superiors ranging from the ultimate
authority to the lowest level in the organization.
Order: A place for everything and everything in its place.
Equity: Fair judgment in dealing with human resources.

10.  Stability of Tensure of Personnel: Finding unnecessary
turnover to be both the cause and the effect of
bad management.
Initiative: Thinking out and execution of a plan.
Esprit de corps: Union is Strength. Spirit of
loyalty and devotion which unites the members of
groups.

11. F.W Taylor’s
Principles of
Scientific
Management

12. Principles of Scientific Management
Science, not rule of thumb: We should not get stuck in a
set routine with the old technique of doing work.
Harmony, not Discord: Such an atmosphere should be
created in the organization that labour and management
consider each other indispensable.
Cooperation, Not individualism: All the activities done
by different people must be carried on with a spirit of
mutual cooperation.

13. Development of each & every person to his/her
Greatest efficiency & prosperity: The efficiency of
each & every person should be taken care of right from
his selection. A proper arrangement of everybody’s
training should be make.

14. Taylor
vs
Fayol

15. Comparison of Taylor & Fayol
Basis F.W. Taylor Henri Fayol
1. Personality Taylor is known as the father of
Scientific Management.
Fayol is known as the father of Functional
Management. He was basically a
practitioner.
2. Results His efforts resulted in greater
efficiency of shop & factory
management.
He gave more emphasis on the functions
of managers and the management process
as a whole.
3. Perspective He worked from bottom to top level. He work from top level to downward .
4. Unity Of Command He recommended functional
foremanship which violates the
principle of unity of command.
He advocated unity of command so that
each worker gets order from one boss
only.
5. Applicability Applicable to industrial organizations
only.
Universal Applicable.
6. Expression of
Theory
Scientific Management General theory of Administration