Henry Fayol outlined 14 principles of management that are still relevant today. The principles include division of work, where tasks are divided among individuals; authority and responsibility, where those with authority also have responsibility; discipline, where penalties encourage common effort; unity of command and direction, where workers receive orders from one manager and the organization moves in a common direction; and subordination of individual interests to the overall interests of the organization. Other principles cover pay rates, centralization vs decentralization, management hierarchies, order, equity, stability of personnel, initiative, and esprit de corps.
3. #1: DIVISIONOF WORK: Work should be divided among individuals and groups to
ensure that effort and attention are focused on special portions of the task.
http://bit.ly/1d6Fxl7
4. #2: AUTHORITY:T he 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.
http://bit.ly/1atMITw
5. #3: DISCIPLINE: A successfulorganizationrequiresthe commoneffortof
workers.Penaltiesshouldbe applied judiciously to encouragethis common
effort.
http://bit.ly/17M7Hfa
6. #4: UNITYOF COMMAND: Workersshould receiveordersfrom only one
manager.
http://bit.ly/1dv0FA5
7. #5: UNITYOF DIRECTION: The entire organization should be moving towards a
common objective in a common direction.
http://bit.ly/1d42VRf
8. #6: SUBORDINATION OF INDIVIDUAL INTERESTS TO THE GENERAL
INTERESTS:
The interests of one person should not take priority over the interests of the
organization as a whole.
http://bit.ly/1d42VRs
9. #7: REMUNERATION: Many variables, such as cost of living, supply of qualified
personnel, general business conditions, and success of the business, should be
considered in determining a worker’s rate of pay.
http://bit.ly/13SVkfd
10. #8:CENTRALIZATION: The term refers to lowering the importance of the
subordinate role. Decentralization is increasing the importance. The degree to
which centralization or decentralization should be adopted depends on the
specific organization in which the manager is working.
http://bit.ly/1524sGV
11. #9: SCALAR CHAIN: Managers in hierarchies are part of a chain like authority
scale. Each manager, from the first line supervisor to the president, possess
certain amounts of authority. The existence of a scalar chain and adherence to it
are necessary if the organization is to be successful.
http://bit.ly/1524RGV
12. #10: ORDER: For the sake of efficiency and coordination, there should be a
proper, systematic and orderly arrangement of physical and social factors.
http://bit.ly/1f42DFE
13. #11: EQUITY: All employees should be treated as equally as possible.
http://bit.ly/1dv7odk
14. #12: STABILITY OF TENURE OF PERSONNEL: Retaining productive employees
should always be a high priority of management. Recruitment and Selection
Costs, as well as increased product-reject rates are usually associated with
hiring new workers.
http://bit.ly/16fUIjk
15. #13: INITIATIVE: Management should take steps to encourage worker initiative,
which is defined as new or additional work activity undertaken through self
direction.
http://bit.ly/1f3YSzX
16. #14: ESPIRIT DE CORPS: Management should encourage harmony and general
good feelings among employees.
http://bit.ly/16fOQGJ