Fayol's 14 principles of management provide guidelines for effective management. The principles include specialization of labor, a clear chain of command with one manager and one plan, fair compensation, a balance of centralized control and decentralized execution, order and discipline, and promoting initiative, equity, morale and staff stability. The principles are intended to increase organizational effectiveness and efficiency through structuring roles and responsibilities.
Fayol's 14 principles of management provide guidelines for effective management. The principles include specialization of labor, a clear chain of command with one manager and one plan, fair compensation, a balance of centralized control and decentralized execution, order and discipline, and promoting initiative, equity, morale and staff stability. The principles are intended to increase organizational effectiveness and efficiency through structuring roles and responsibilities.
Fayol's 14 principles of management provide guidelines for effective management. The principles include specialization of labor, a clear chain of command with one manager and one plan, fair compensation, a balance of centralized control and decentralized execution, order and discipline, and promoting initiative, equity, morale and staff stability. The principles are intended to increase organizational effectiveness and efficiency through structuring roles and responsibilities.
DIVISION OF LABOR - Specialization to increase effectiveness and efficiency
AUTHORITY AND RESPONSIBILITY - Formal (The right to command) Personal (Expertise) Authority, and power to exhort subordinate obedience DISCIPLINE - Respect rules and agreements in achieving organizational goals; judicial enforcement of penalties and rewards UNITY OF COMMAND - One boss UNITY OF DIRECTION - One manager, one plan SUBORDINATION OF INDIVIDUAL INTEREST TO THE COMMON GOOD - Interests of the individual do not take precedence over the interests of the organization as a whole; Employees must know how their performance affects overall efficiency and effectiveness REMUNERATION - Fair and equitable pay for work done CENTRALIZATION - A balance of centralized planning and decentralized execution with appropriate authority and responsibility at all levels THE HIERARCHY (SCALAR CHAIN) - Line (Legitimate Power) authority from top to bottom of the organization ORDER - The right people and things in the right place at the right time EQUITY - Fair and consistent application of the standards; Respect for the employee STABILITY OF STAFF - High turnover rate is inefficient and ineffective INITIATIVE - Employees allowed to make and carry out plans/programs even if mistakes are made and to be innovative/creative ESPRIT DE CORPS - Morale, pride, enthusiasm, loyalty, comradeship and team spirit