After reading this article you will learn about:- 1. Meaning of Management Principles 2. Nature of Management Principles 3. Significance 4. Universality. Meaning of Management Principles: Principle refers to fundamental truth about a concept that provides guide to action. Principles evolve in every field of knowledge — medicine, engineering, accountancy etc. Management principles tell about […]
Essay on Management Principles: Meaning, Nature and Universality
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14 Main Principles of Management by H. Fayol
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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 […]
14 Principles of Management Propounded by Henri Fayol
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Principles of management propounded by Henri Fayol are: 1. Division of Work 2. Authority and Responsibility 3. Discipline 4. Unity of Command 5. Unity of Direction 6. Subordination of Individual Interest to General Interest 7.Remuneration of Employees 8. Centralisation and Decentralisation 9. Scalar Chain 10. Order 11. Equity 12. Stability of Personnel 13. Initiative 14. […]