Henry Fayol outlines several principles of management including: - Dividing work into tasks and assigning tasks based on skills and experience to increase efficiency. - Ensuring a balance between authority and responsibility so that workers can complete tasks on time. - Maintaining discipline through codes of conduct, clear agreements, and fair enforcement of penalties. - Having a clear chain of command with one head/boss and centralized authority at the top levels of management balanced with some decentralization.

1. Henry Fayol’s
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4. * Whole work must be divided into small tasks or units
* Each unit must be assigned to one person according to the
capability, qualification and experience of the person
* When a person perform the same job again and again he will
become perfect and specialized in doing that
* It will lead to efficiency and results in less wastage of resources

5. * Authority means power to take decision
* Responsibility means obligation to complete the job
assigned on time
* There should be a balance between Authority and
Responsibilities
* Excess of Authority without matching responsibilities
may bring negative results
* Excess of Responsibilities without matching authority
will not allow the worker to complete his job on time

6. Discipline refers to
* Following code of conduct, rules and regulation of
employment agreement
* Good superior at all levels
* Clear and fair agreement
* Meeting commitments at all levels
* Judicious application of penalties

7. ONE HEAD
ONE BOSS

9. Interest of organisation must supersede the interest
of individuals or employees

11. * Centralisation refers to concentration of authority or
power at top level
* Decentralisation means evenly distribution of power
at every level of management
* There should be a proper balance between centralisation
and decentralisation

12. A place for everything and everything must be
properly placed

13. Equity refers to kind, fair and just treatment to employees.
Does not mean equal salary to peon and manager but it
Means application of same rules, leave rules in the same
way irrespective grade,gender,religion,caste,nationality..etc.

14. SCALAR CHAIN means line of authority or chain of
superiors from highest to lowest rank.
Fayol permitted a short cut (during emergency) in the
chain which is called “Gang-plank” which permits
direct communication between the employees
working in different position

15. It refers to frequent termination and transfer.
According to Fayol it may provide a feeling of job insecurity
among the employees and they may not contribute their
maximum

16. Initiative refers to taking the first step with self-motivation.
Managers must welcome the suggestions and ideas of
Employees .