Question

What are the principles of management suggested by Henry Fayol?

Answer 1

There are 14 principles of management suggested by Henry Fayol which is to followed in every organisation. These are:

• Division of Work.
• Authority and Responsibility.
• Discipline.
• Unity of Command.
• Unity of Direction.
• Subordination of Individual Interest into group interest
• Remuneration of personnel
• Centralization and Decentralization
• Principle of Scalar Chain
• Principle of Order
• Principle of Equity
• Stability of Tenure of personnel
• Initiative
• Esprit de Corps.
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