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in Class 12 by kratos

Briefly discuss any five principles of management as formulated by Fayol.

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+3 votes
by kratos
 
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Fayol believed that all employees of his company, from the foremen to the CEO, should receive some type of managerial training. He developed a list of principles of management. He believed that there were more than fourteen of them, but chose to focus on those he found to be the most useful in his own career.

The fourteen principles that Fayol concentrated on were:

(i) Division of Work: Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization.

(ii) Authority: The 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.

(iii) Discipline: A successful organization requires the common effort of workers. Penalties should be applied judiciously to encourage this common effort.

(iv) Unity of Command: Workers should receive orders from only one manager.

(v) Unit of Direction: The entire organization should be moving towards a common objective in a common direction.

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