Parle is an Indian company established in 1929 that is a leader in the Indian biscuit and confectionery market. It has over 35% of the total biscuit market share and 15% of the total confectionery market share. The document discusses 14 principles of management put forward by Henri Fayol, including division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interests, remuneration of personnel, centralization and decentralization, scalar chain, order, equity, stability of tenure, initiative, and esprit de corps. It provides examples and definitions for each principle.

1. Mohan lal dayal
vinay mandir
Business studies
project
Submitted by:kiran hada(12 commerce)
Submitted to: yavnika mam

3. ABOUT PARLE:
Established in 1929.
1st brands were Parle Glucose and Parle Monaco.
Parle won acclaim at the mone selection since 1970.
35%share of the total biscuit market share.
15%share of the total confectionery market.
Annual turnover 2000 crores.
It has provided its products to the mass with the affordable range.

6. 1. PRINCIPLE OF DIVISION OF WORK
According to this principle the whole
work must me divided into small tasks or
units and instead of assigning the whole
work to one person one task should be
assigned to one person according to the
capability, qualification and experience of
the person

7. 2.Principle of authority and
responsibility
Authority means power to take
decision . Responsibility means
obligation to complete the job assigned
on time. According to this principle
there must be balance or parity
between the authority and
responsibility

8. 3. Principle of discipline
Discipline refers to general rules, regulations for
systematic working in an organization . Fayol
insists that discipline is required at superior as
well as subordinate level. The disciplinary rules
shall not be applicable only on subordinate but
discipline requires good superiors at every level,
clear and fair agreement between superiors and
subordinates.

9. 4. Principle of unity of command:
According to this principle an
employee should receive orders
from one boss only because if he is
receiving orders from more than
one then he will get confused and
will not be able to understand
that whose order must be
executed first.

10. 5. Unity of direction:
According to this principle the efforts of
al the members and employees of
organization must be directed towards
one direction that is the achievement of
common goal.

11. 6. Subordination of individual interest to general
interest:
According to this principle the interest of
organization must supersede the interest of
individuals or employees. In the organization all the
employees are working with some objective and there
is always an objective of organization.

12. 7. Principle of remuneration of persons:
According to this principle employees in the organization
must be paid fairly or adequately to give them maximum
satisfaction. The employees must be just and fair because
they will be satisfied and a satisfied person can contribute
his maximum.

13. 8. Principle of centralization and
decentralization:
Centralization refers to authority
in one hand at the top level and
decentralization refers to
dispersal of authority. According
to fayol there must b combination
of both depending upon the
nature and size of the

14. 9. Principle of scalar chain:
Scalar chain means line of authority
or chain of superiors from highest to
lowest rank. fayol permitted a short
cut in the chain which is called
“gang plank”.

15. 10. Principle of order:
In this principle order does not mean command
but it refers to orderly arrangement of men and
material that is a fixed place for everything and
everyone in the organization And everything
should be in its fixed place.

16. 11. Principle of equity:
Equity refers to kind, fair and just
treatment to employees. Employees
will put their maximum efforts only
when they are treated with
kindness and justice.

17. 11. Stability of tenure of personnel:
It refers to no frequent
termination and transfer.
According to this principle the
management must provide the
feeling of job security among the
employees.

18. 13. Principle of initiative :
Initiative refers to chalking out the
plan and then implementing the
same. Fayol suggested that
employee in the organization must
be given an opportunity to take
some initiative and executing a
plan.

19. 14. Principle of esprit de corps:
Esprit de corps means union is
strength. Fayol emphasized on team
work. Management must develop a
feeling of belongingness among the
employees as they must feel themselves
as the member of organization.

20. Observation table:
Name of principle Yes No NO RESPONS NO. OF
RESPONDNTS
DIVISION OF WORK 60 18 02 90
AUTHORITY AND RSPONSIBILITY 67 13 10 90
DISCIPLINE 50 25 15 90
UNITY OF COMMAND 78 12 00 90
UNITY OF DIRECTION 60 30 00 90
SUBORDINATION OF INDIVI…. 80 10 00 90
REMUNERATION OR PESONNEL 48 31 11 90
CENTRALISATION …. 66 15 05 90
SCALAR CHAIN 71 12 07 90
ORDER 50 20 20 90
EQUITY 67 18 05 90
STABILITY OF PERSONNEL 38 51 01 90
INITIATIVE