Presentation
on
Henry Fayol
Principles Of Management
FAYOL’S 14 PRINCIPLES
OF
MANAGEMENT
Introduction To Management
Traditional Approach :“ Management consist of getting thing done through the effort of other people
.”
Modern Approach :“ Management is a process of an activity , a discipline and an effort to coordinate , control and direct , individual and group effort toward attaining the
goal of an organization.”
PRINCIPLES OF MANAGEMENT

A principles may be defined as fundamentals statement of basic
truth that provides a guide to thought and action

Principles of management originate and grow as a result of past
experience and accomplishments
NEED OF PRINCIPLES OF MANAGEMENT:

To improve efficiency

To crystalline the nature of management

To improve research

To attain social goals
Fayol’s Administrative Management
Fayol’s Introduction :-


A French mining engineer, developed 14 principles of management.
He was the real father of modern management.

He was the first person who laid emphasis on the Process of
Management.

In his retirement, he established the centre of Administrative studies.
Fayol’s Activities
Fayol found the six activities of an industrial organization
and divided into six group:
1.
Technical (Relating to production)
2.
Commercial (Buying, selling and exchange)
3.
financial (Search for capital and its optimum use)
4.
Security (Protection of property and person)
5.
Accounting (balance sheet, stocktaking, statistics, costing);
6.
Managerial ( Planning, organizing, command, co-ordination and
control )
Management is a process of 5 elements…
Fayol’s Principles of Management
1.
Division of work :- This refer to specialization which increase the
efficiency of the individual employee.
2.
Authority and Responsibility :- Authority and Responsibility
are related.. With formal authority managers have the right to
command and to give order to their subordinate.
3.
Discipline :- This means obedience, proper conduct in relation to
others and complying with the rules and regulations of the
organizations.
4.
Unity of command :- Employees must receive instruction only from one
person. Reporting to more than one manager results to conflicts in
instruction and confusion of authority.
5.
Unity of direction :- “One head one plan” each group activities having one
objective should be unified by having one plan and one head.
6.
Subordination of individual to general interest :- Common interest is above
the individual interest means the effort should be bring about convergence
of general and individual interest.
7.
Remuneration of personal :- Remuneration of employees should be fair
and provide maximum satisfaction to employees and employers.
8.
Centralization - Everything which goes to increase the importance of
9.
Scalar chain –The chain of Superior ranging from the highest to lowest
subordinate’s role is decentralization; everything which goes to reduce
it is centralization.
rank .It refer to flow of information between management and worker.
10.
Order -This is a principal relating to the arrangement of things and
people.
11.
Equity – It is a Combination of justice and kindliness with the
employee. The application of equity requires good sense, experience,
and good nature for soliciting loyalty and devotion from subordinate.
12
Stability of tenure :- Stability of tenure is essential to get an employee
accustomed to new work and succeeding in doing it well.
Unnecessary turnover is both cause and effect of bad management.
12
Initiative
:- Within the limit of authority and discipline, managers
should encourage their employees for taking initiative. it also increase
the zeal and energy on the part of human being that concerned with
thinking out and execution of a plan.
13
Esprit de corps :- This is the principal of ‘union is strength’ and extension
of unity of demands for establishing team work.
Thanking you….