advantages and disadvantages of 14 principle of management
Answers
Answer:
The "Fourteen Principles Of Management" was written by Henry Fayol. It directly suggests about the business management skills.
The fourteen principles 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. Espirit de Corps!
Disadvantages are:
* It is not based on research works it only emphasizes in management skills.
* It was created long time ago, so it does not matches with the thinking and control policies of recent times.
Advantages are:
* Motivates the employees with compensation
* Build up concept on team work.
Henry Fayol construed the 14 principles of management. The advantages and disadvantages of the 14 principles of management are:
Advantages:
1. The principles facilitate a stable organisational structure to the organisations. The top to down model ensures that the decisions in the organisation are implemented from the top-level management to lower-level management.
2. They promote the concept of teamwork and team spirit rather than an individual employee. As teams can achieve much more than individual employees are, they also foster growth and development.
3. The principle believes in fair compensation to employees. He also advocates employee motivation through monetary and non-monetary benefits.
Disadvantages:
1. The 14 principles are solely based on Fayol's personal experiences in management. They do not involve other people or organisations or any research.
2. The principle neglects the most important aspect of the businesses, i.e., the customer and customer satisfaction. The principles promote an organisational structure that caters to the demands of the organisation and not the customers. As most of the organisations are customer-centric in present times, this structure collapses on its own.
3. The structure is outdated when Fayol created the principles the business organisations functioned on command and control, which is stark opposite to the business organisations in the present. Today the organisations are run on creativity, innovation and decentralization of power.