The document discusses the principles of management as described by Henri Fayol. It begins by defining management as the process of getting work done efficiently through people. There are then 14 principles described, including division of labor, authority, responsibility, unity of command, and centralization. The principles provide guidelines for managerial decision making and serve as the foundations for successful management. They were derived from observation, analysis, and experimental studies.

1. Principles of
Management
Preparedby
IRFAN ALI ABRO
11MT63
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2. Contents
What is management?
14 Principles of Management
Summary
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3. What is management?
 Management is the process of getting
things done effectively and efficiently
through and with the people.
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4. Principles of management
Management principles are the statements
of fundamental truth based on logic which
provides guidelines for managerial decision
making and actions.
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5. There are 14 Principles of
Management described by Henri
Fayol
These principles are derived: -
1. On the basis of observation and analysis.
2. By conducting experimental studies.
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6. 1. Division of Labor
Work of all kinds must be divided &
subdivided and allotted to various
persons according to their expertise in a
particular area.
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7. 2. Authority
 Authority refers to the right of superiors to
get exactness from their sub-ordinates.
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8. 3. Responsibility
Responsibility means obligation for the
performance of the job assigned.
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9. 4. Unity of Command
 A sub-ordinate should receive orders and
be accountable to one and only one boss at
a time.
 He should not receive instructions from
more than one person
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10. 5. Unity of Direction
People engaged in the same kind of
business or same kind of activities must
have the same objectives in a single plan.
Without unity of direction, unity of action
cannot be achieved.
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11. 6. Equity
 Equity means combination of fairness,
kindness & justice.
The employees should be treated with
kindness & equity if devotion is expected
of them.
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12. 7. Order
This principle is concerned with proper &
systematic arrangement of things and
people.
 Arrangement of things is called material
order and placement of people is called
social order.
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13. 8. Discipline
 Discipline means sincerity, obedience,
respect of authority & observance of rules
and regulations of the enterprise.
Subordinate should respect their
superiors and obey their order.
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14. 9. Initiative
 Initiative means eagerness to initiate
actions without being asked to do so.
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15. 10. Remuneration
 Remuneration to be paid to the workers
should be fair, reasonable, satisfactory &
rewarding of the efforts.
It should accord satisfaction to both
employer and the employees.
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16. 11. Stability of Tenure
 Employees should not be moved
frequently from one job position to
another i.e. the period of service in
a job should be fixed.
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17. 12. Scalar Chain
Scalar chain is the chain of superiors
ranging from the ultimate authority to the
lowest.
Every orders, instructions etc. has to pass
through Scalar chain.
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18. 13. Espirit De’ Corps
 It refers to team spirit i.e. harmony in the
work groups and mutual understanding
among the members.
Espirit De’ Corps inspires workers to work
harder.
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19. 14. Centralization
 Centralization means concentration of
authority at the top level.
In other words, centralization is a situation
in which top management retains most of
the decision making authority.
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20.  The Principles of Management are the
essential, underlying factors that form
the foundations of successful
management.
These principles serve as guidelines for
decisions and actions of managers.
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21.  Any query regarding to topic.
 Please give comments.
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22. THANK YOU….!
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IRFAN ALI ABRO