Ans- 14 principles of management as explained by Henri Fayol's
are:-
- Division of Work- Henri believed that
segregating work in the workforce amongst the worker will enhance
the quality of the product.
- Authority and Responsibility- Authority
facilitates the management to work efficiently, and responsibility
makes them responsible for the work done under their guidance or
leadership.
-
Discipline- Without discipline, nothing can be
accomplished. It is the core value for any project or any
management.
-
Unity of Command- This means an employee should
have only one boss and follow his command. If an employee has to
follow more than one boss, there begins a conflict of interest and
can create confusion.
-
Unity of Direction- Whoever is engaged in the
same activity should have a unified goal.
-
Subordination of Individual Interest-This
indicates a company should work unitedly towards the interest of a
company rather than personal interest.
- Remuneration-This plays an important role in
motivating the workers of a company. Remuneration can be monetary
or non-monetary. However, it should be according to an individual’s
efforts they have made.
- Centralization- In any company, the management
or any authority responsible for the decision-making process should
be neutral.
- Scalar Chain-Fayol on this principle
highlights that the hierarchy steps should be from the top to the
lowest. This is necessary so that every employee knows their
immediate senior also they should be able to contact any, if
needed.
- Order- Acompany should maintain a well-defined
work order to have a favourable work culture.
- Equity- All employees should be treated
equally and respectfully.
- Stability- An employee delivers the best if
they feel secure in their job.
- Initiative- The management should support and
encourage the employees to take initiatives in an
organization.
- Esprit de
Corps- It is the responsibility of the management
to motivate their employees and be supportive of each other
regularly.