Archive | Principles

Comparison: Taylor’s and Fayol’s Principles of Management

Taylor’s principles of scientific management and Fayol’s principles of management are mutually complementary. Both of them evolved their principles through practical experience and brought them forward to the world through their books. Both of them realized the importance of management in industrial progress. As a result, they endeavoured to develop a rational and systematic basis […]

14 Main Principles of Management by H. Fayol

This article throws light upon the fourteen main principles of management by H. Fayol. The principles are: 1. Division of Work 2. Authority and Responsibility 3. Discipline 4. Unity of Command 5. Unity of Direction 6. Emphasis on Subordination of Personal Interest to General 7. Remuneration 8. Centralisation 9. Scalar Chain 10. Order 11. Equity […]