In this tutorial, we will learn about the principles of management, which 14 types of law like division of work, authority, and responsibility we will also cover the principles of management.
According to Henry Fayol, there are 14 principles of management, and they are as follows:
Division of work:
The whole job divided into small tasks. The specialization of the workforce according to the skills of a person, creating specific personal and professional development within the labor force and therefore increasing productivity For more production and better performance with the same effort.
Authority and Responsibility:
It is the issue of commands followed by responsibility for their consequences. Authority means the right of a superior to give enhance order to subordinate’s responsibility means an obligation for performance. These two are co-extensive.
Discipline:
It is obedience, proper conduct with others, respect of authority, etc. It is essential for the smooth functioning of all organizations. It is ensuring compliance for seniors.
Unity of Command:
This principle states that each subordinate should receive orders and be accountable to one and only one superior. If an employee gets requests from more than one superior, it is likely to create confusion and conflict employee should receive orders from one senior only.
Unity of Direction:
Activities with common objectives to have one head and one plan.
Subordination of individual interest to the general interest.
Remuneration:
Workers must pay sufficient as this is a chief motivation of employees and, therefore, greatly influences productivity. The quantum and methods of payment payable should be fair and ensure satisfaction to employees.
Centralization:
Top management should decide the extent to which authority is dispersed in the organization or retained to the higher level.
Scalar Chain:
In refers to the superior-subordinate relations throughout the organization.
Order:
They must be an appointed place for every employee, and that employee must be at such a home only. Social order ensures the fluid operation of a company through an authoritative procedure. Material order ensures safety and efficiency in the workplace. The request should be acceptable and under the rules of the company.
Equity:
Means equality of treatment, which involves kindliness and justice in a manager. Employees must treat kindly, and justice must enact to ensure a just workplace. Managers should be fair and impartial when dealing with employees, giving equal attention to all employees.
Stability:
That tenure of personnel is a principle stating that for an organization to run smoothly, staff (primarily managerial personnel) must not frequently enter and exit the organization.
Initiative:
Using the action of employees can add strength and new ideas to an organization. An effort on the part of employees is a source of power for an organization because it provides new and better ideas. Employees are likely to take a greater interest in the functioning of the organization. They are thinking and execution of a plan.