Question

What are the elements of modern management?

Answer 1

Henry Fayol, the father of modern management listed 14 principles (elements) 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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Answer 2

Answer:

• Most Important Characteristics or Features of Management | Management
• Management is goal oriented process: ...
• Management is Pervasive: ...
• Management is Multidimensional: ...
• Management is a continuous process: ...

Management is a group activity: ...

Management is a dynamic function: ...

Explanation:

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