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Fayol'S 14 Principles of Management

Fayol's 14 principles of management provide guidelines for effective management. The principles include specialization of labor, a clear chain of command with one manager and one plan, fair compensation, a balance of centralized control and decentralized execution, order and discipline, and promoting initiative, equity, morale and staff stability. The principles are intended to increase organizational effectiveness and efficiency through structuring roles and responsibilities.

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Matthew Austin
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197 views1 page

Fayol'S 14 Principles of Management

Fayol's 14 principles of management provide guidelines for effective management. The principles include specialization of labor, a clear chain of command with one manager and one plan, fair compensation, a balance of centralized control and decentralized execution, order and discipline, and promoting initiative, equity, morale and staff stability. The principles are intended to increase organizational effectiveness and efficiency through structuring roles and responsibilities.

Uploaded by

Matthew Austin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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FAYOL’S 14 PRINCIPLES OF MANAGEMENT

 DIVISION OF LABOR - Specialization to increase effectiveness and efficiency


 AUTHORITY AND RESPONSIBILITY - Formal (The right to command) Personal
(Expertise) Authority, and power to exhort subordinate obedience
 DISCIPLINE - Respect rules and agreements in achieving organizational goals; judicial
enforcement of penalties and rewards
 UNITY OF COMMAND - One boss
 UNITY OF DIRECTION - One manager, one plan
 SUBORDINATION OF INDIVIDUAL INTEREST TO THE COMMON GOOD - Interests
of the individual do not take precedence over the interests of the organization as a whole;
Employees must know how their performance affects overall efficiency and effectiveness
 REMUNERATION - Fair and equitable pay for work done
 CENTRALIZATION - A balance of centralized planning and decentralized execution with
appropriate authority and responsibility at all levels
 THE HIERARCHY (SCALAR CHAIN) - Line (Legitimate Power) authority from top to
bottom of the organization
 ORDER - The right people and things in the right place at the right time
 EQUITY - Fair and consistent application of the standards; Respect for the employee
 STABILITY OF STAFF - High turnover rate is inefficient and ineffective
 INITIATIVE - Employees allowed to make and carry out plans/programs even if mistakes
are made and to be innovative/creative
 ESPRIT DE CORPS - Morale, pride, enthusiasm, loyalty, comradeship and team spirit

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