Write short note on the following.
Any five principles of management.
Any five principles of management.
The following are the five principles of management suggested by Fayol:
i. Division of work - Division of work means that a given task should be divided into small groups or units so that it can be performed in a competent manner.
ii. Authority and responsibility - ‘Authority’ means the power to give orders and assign duties, whereas ‘responsibility’ refers to a worker’s obligation to perform the assigned duties. According to this principle, managers should strike a balance between power and obligation.
iii. Discipline - The principle says that an organisation should follow rules and regulations and also ensure conformity to the set rules and policies.
iv. Unity of command - According to the concept of unity of command, an employee should be answerable to only one boss. If an employee receives commands and directions from two or more superiors, then it will create chaos and conflict.
v. Unity of direction - Unity of direction means that each unit of an organisation works towards the accomplishment of one common organisational objective. According to the principle, different units having common goals should have a single head.
i. Division of work - Division of work means that a given task should be divided into small groups or units so that it can be performed in a competent manner.
ii. Authority and responsibility - ‘Authority’ means the power to give orders and assign duties, whereas ‘responsibility’ refers to a worker’s obligation to perform the assigned duties. According to this principle, managers should strike a balance between power and obligation.
iii. Discipline - The principle says that an organisation should follow rules and regulations and also ensure conformity to the set rules and policies.
iv. Unity of command - According to the concept of unity of command, an employee should be answerable to only one boss. If an employee receives commands and directions from two or more superiors, then it will create chaos and conflict.
v. Unity of direction - Unity of direction means that each unit of an organisation works towards the accomplishment of one common organisational objective. According to the principle, different units having common goals should have a single head.
