Question

List the principles of Henry Fayol

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Answer 1

Henry Fayol, the father of modern management listed 14 principles of management & they are:

1. Authority and Responsibility
2. Unity of Command
3. Unity of Direction
4. Discipline
5. Initiative
6. Scalar Chain
7. Order
8. Remuneration (Fair Remuneration to workers)
9. Centralisation
10. Stability (Stability in tenure of personnel)
11. Subordination (Subordination of individual interests to general interests)
12. Equity
13. Esprit de corps (teamwork)
14. Division of work

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