Question

principle of management." by keeping in mind the following point:-
1. history of Henry fayol
2. concept of principal management
3. significance of principal management
4. 14 principle develop by Henry fayol ​

Answer 1

Answer:

history of Henry fayol:

Henri Fayol (29 July 1841 – 19 November 1925) was a French mining engineer, mining executive, author and director of mines who developed a general theory of business administration that is often called Fayolism.[1] He and his colleagues developed this theory independently of scientific management but roughly contemporaneously. Like his contemporary Frederick Winslow Taylor, he is widely acknowledged as a founder of modern management methods.

Concept :

The principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the enterprise.

significance:

The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management. These principles make managers more efficient. ... The principles guide managers in decision making and action. The researchers can examine whether the guidelines are useful or not.

14 Principles are:

Henri Fayol ‘s principles of management and research were published in the book ‘General and Industrial Management’ (1916).

1.Division of Work.

2.Balancing Authority and Responsibility.

3.Discipline.

4.Unity of Command.

5.Unity of Direction.

6.Subordination of Individual Interests to the General Interest.

7.Remuneration.

8.Centralization.

9.Scalar Chain.

10.Order.

11.Equity.

12.Stability of Tenure of Personnel.

13.Initiative.

14.Esprit De Corps.