Henry Fayol, a French engineer and management theorist, established 14 principles of management that guide leadership and decision-making. These principles, such as division of work, unity of command, and equity, emphasize efficiency, accountability, and employee motivation. Fayol's principles are still applicable in modern organizations, with companies like Google and Apple using them to boost productivity and satisfaction.

1. Henry Fayol’s 14 Principles of
Management
Prepared by Gaurav (Roll No: 1655)

2. Introduction
• Henry Fayol was a French engineer and
management theorist, widely recognized for
his contributions to management theory. He
developed 14 principles that guide managerial
decision-making and leadership, which remain
relevant in modern practices.

3. Division of Work
• Specialization increases efficiency by dividing
tasks into smaller components.

4. Authority and Responsibility
• Authority should be accompanied by
responsibility to ensure accountability.

5. Discipline
• Employees must follow rules and respect
agreements, while management ensures
discipline.

6. Unity of Command
• Each employee should receive orders from
only one superior to avoid confusion.

7. Unity of Direction
• The organization should work towards
common objectives under a unified plan.

8. Subordination of Individual Interest
• Organizational interests should take
precedence over individual interests.

9. Remuneration
• Fair compensation motivates employees and
ensures satisfaction.

10. Centralization and Decentralization
• Decision-making authority can be centralized
or distributed depending on organizational
needs.

11. Scalar Chain
• A clear chain of command ensures effective
communication and decision-making.

12. Order
• There should be a place for everything,
ensuring organization and efficiency.

13. Equity
• Managers should promote fairness and
kindness to foster loyalty.

14. Stability of Tenure
• Organizations should aim to retain staff for
expertise and stability.

15. Initiative
• Encouraging employees to take initiative leads
to innovation and engagement.

16. Esprit de Corps
• Promoting team spirit ensures unity and
harmony within the organization.

17. Conclusion
• Henry Fayol's principles remain relevant in
modern management practices. Companies
like Google, Apple, and Amazon incorporate
these principles to ensure success. By
following these principles, organizations can
enhance efficiency, productivity, and
employee satisfaction.