Archive | Principles of Management

Henry Fayol’s principles of management are as follows: 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 Personnel 8. Centralisation 9. Scalar Chain 10. Order 11. Equity 12. Stability of Tenure of Personnel 13. Initiative 14. Espirit De Corps. Henry [...]