Expalin the henri fayol 14 principles of management with examples.
Answers
14 principles of management by Henri Fayol are:
1) Division of work:- Dividing the whole work into small parts amongst the specialized people
2) Authority:- Authority means the right to order a person or a group of people. People with higher authority have a high responsibility but they should not use this as an advantage.
3) Discipline:- For smooth functioning of the organization , the employees of the organization should be obedient, should maintain proper conduct in relation to others ,respect the authority etc. Eg: ad agencies follow complete discipline in meetings.
4) Unity of command:- According to this principle a worker should get orders from one manager. If he receives order from multiple number of mangers it will create a conflict. Eg: reporting in any organization.
5) Unity of direction:- According to this principle all related work should be grouped together and there is a single action plan made for that particular work and the operation should be headed by single manager.
6) Subordination of individual interest:- Subordination of individual interest doesn’t mean that the organization has to give priority to the individuals interest. Instead, the individual and the organizational interest should be integrated to meet the objectives of the organization in an effective manner.
7) Remuneration:- The word remuneration means that the workers should be paid fair and reasonable for the hard work done by them. It increases the efficiency level, it may in terms of monetary or non-monetary. Eg: bonuses should be included in this.
8) Centralization:- This principle deals with the number of authority people having in the organization. If the authority vest with a selected group of people then its known as centralization. The organization should maintain the balance of distributing powers to people of organization for the smooth running of an organization.
9) Scalar chain:- A chain refers to having a connection from one end to the other. Similarly, a proper link should always be present between the top management and lower management. Through this a clear and easy way of communication will be maintained between them. Example: Samsung company has a scalar chain.
10) Order:- To maintain the organizational process in an effective manner employees need to ensure that they must follow certain orders created by the company for smooth functioning of the process. Eg: attendance in large companies is monitored by following this.
11) Equity:- Equity means equality. As we all know every person in this world has to be treated equally, the employee in a company should also be treated equally. Only then there is good team work in an organization and it consequently develops a positive vibration in the workplace or organization.
12) Stability of tenure: Stability of tenure means retaining of talented and productive employees in the organization over a long period of time. Staff retention helps in reduction of inefficiency in the organization
13) Initiative:- Initiative means giving new ideas to the management. Managers should promote employees to suggest their innovative ideas for betterment of organization. Considering the employees views in management helps in promoting efficiency amongst employees. Eg: Apple, facebook follows this.
14) Esprit de corps:- This principle refers to team building in an organization managers need to ensure that they develop a team building spirit in an organization for effective and efficient working, it also ensures atmosphere of trust among the employees in the organization. Eg: this is followed by Apple, intel, etc.