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Fourteen Principles of Management

Henri Fayol (1841-1925)  was a successful French industrialist, he developed theories about management. His thought could be taught to those individuals  who have responsible for administrative responsibilities.
The major managerial functions, according to Fayol, were planning, organizing, commanding, coordinating, and controlling, this also called Fayol's function approach. The functions have been tly modified several times but these 14 principles are being used today. 
Fayol’s Principles of Management
  1. Division of work: Specialization increases output by making employees more efficient, means that work should be distributed according to employee's filed of specialization and capabilities and expertise.
  2. Authority:Managers must  have authority which enable them to give order. Authority gives them this right.
  3. Discipline: Employees must obey and respect the rules that govern the organization.
  4. Unity of Command: An employee should receive orders from one superior only.
  5. Unity of Direction:The organization should have a single plan of action to guide managers and workers.
  6. Subordination of individual interests to the general interest: The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
  7. Remuneration: Workers must be paid a fair wage for their services.
  8. Centralization:This term refers to the degree to which subordinates are involved in decision making.
  9. Scalar Chain: The line of authority from top management to the lowest ranks is the scalar chain.
  10. Order: People and materials should be in the right place at the right time.
  11. Equity: Managers should be kind and fair to their subordinates.
  12. Stability of Tenure of Personnel: Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
  13. Initiative: Employees who are allowed to originate and carry out plans will exert high levels of effort.
  14. Esprit the Crops: Promoting team spirit will build harmony and unity within the organization

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