30/06/2023
Henry Fayol, also known as the Father of Modern Management Theory,
gave a new perception on the concept of management. He introduced a
general theory that can be applied to all levels of management and every
department. He envisioned maximising managerial efficiency. Today,
Fayol’s theory is practised by the management to organise and regulate
the internal activities of an organisation.
The
fourteen principles of management created by Henri Fayol are explained
below.
1. Division of Work
Henri believed that segregating work in the workforce amongst the
workers will enhance the quality of the product. Similarly, he also
concluded that the division of work improves the productivity,
efficiency, accuracy and speed of the workers. This principle is
appropriate for both the managerial as well as a technical work level.
2. Authority and Responsibility
These are the two key aspects of management. Authority facilitates the
management to work efficiently, and responsibility makes them
responsible for the work done under their guidance or leadership.
3. Discipline
Without discipline, nothing can be accomplished. It is the core value for
any project or any management. Good performance and sensible
interrelation make the management job easy and comprehensive.
Employees’ good behaviour also helps them smoothly build and
progress in their professional careers.
4. 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.
5. Unity of Direction
Whoever is engaged in the same activity should have a unified goal. This
means all the people working in a company should have one goal and
motive which will make the work easier and achieve the set goal easily.
6. Subordination of Individual Interest
This indicates a company should work unitedly towards the interest of
a company rather than personal interest. Be subordinate to the
purposes of an organisation. This refers to the whole chain of command
in a company.
7. Remuneration
This plays an important role in motivating the workers of a company.
Remuneration can be monetary or non-monetary. Ideally, it should be
according to an individual’s efforts they have put forth.
8. Centralization
In any company, the management or any authority responsible for the
decision-making process should be neutral. However, this depends on
the size of an organisation. Henri Fayol stressed on the point that there
should be a balance between the hierarchy and division of power.
9. 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.
10. Order
A company should maintain a well-defined work order to have a
favourable work culture. The positive atmosphere in the workplace will
boost more positive productivity.
11. Equity
All employees should be treated equally and respectfully. It’s the
responsibility of a manager that no employees face discrimination.
12. Stability
An employee delivers the best if they feel secure in their job. It is the
duty of the management to offer job security to their employees.
13. Initiative
The management should support and encourage the employees to take
initiatives in an organisation. It will help them to increase their
motivation and morale.
14. Esprit de Corps
It is the responsibility of the management to motivate their employees
and be supportive of each other regularly. Developing trust and mutual
understanding will lead to a positive outcome and work environment.
In conclusion, the 14 Principles of Management the pillars of any
organisation. They are integral for prediction, planning, decision-
making, process management, control and coordination.
https://byjus.com/commerce/henri-fayol-14-principles-of-management/
