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fayol.pptx

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fayol.pptx

  1. 1. Principles of Management By Henry Fayol
  2. 2. About Henry Fayol (1841- 1925)  He is also known as ‘The Father of Principles of Management’.  He was born in 1841 at Constantinople in France and graduated as a mining engineer in 1860 from the National School of Mining at St. Etienne.  In 1860 he joined the Famous French combine- the Commantry- Fourchambauly Company- as an Engineer.  By the age of 47, he was appointed as a
  3. 3.  He retired after thirty years. During this time the company had expanded into a large coal steel combine with a strong financial position.  As an Industrial Manager Mr. Fayol tried to probe into the bottom of the Principles of Administration and Management.  He proposed 14 Principles of Management
  4. 4. Let us learn about : Principal of Division of Work  Authority and Responsibility  Discipline  Unity of Command  Unity of Direction
  5. 5. Principle Of Division of Work  This is the principle of specialization which is so well expressed by economists as being necessary to efficiency in the utilization of labour.  Its advantages are widely recognized and it can be applied to any kind of work employing large number of workers of varying abilities.  It has its limits and the work should not be sub-divided beyond these limits.
  6. 6. Authority and Responsibility  The concepts of Authority and Responsibility are closely related.  Authority was defined by Fayol as the right to give orders and the power to exact obedience.  Responsibility involves being accountable, and is therefore naturally associated with authority.  Whoever assumes authority also assumes responsibility.
  7. 7. Discipline  Discipline is “ respect for agreements which are directed at achieving obedience, application, energy and the outwards marks of respect”.  It requires good superiors at all levels. A successful organization requires the common efforts of workers.  Penalty should be applied judiciously to encourage this common effort.
  8. 8. Unity of Command  This is the principle that an employee should receives orders from one superiors only.  It provides quick decisions, coordination and team work.  It boosts moral of employees
  9. 9. Unity of Direction  According to Fayol, unity of direction is the principle that each group of activities having the same objective must have one hand and one plan.

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