Professional Documents
Culture Documents
Principles of Management
Principles of Management
ing
Cooperation, Not ce Optimum utilization of resources
an
an
Individualism n if Provide managers with insights into reality
Me
Sig
Development of each
Universal Applicability
and every person to
e
Management Natur General Guidelines
his/her greatest
Fayol vs. Taylor Formed by Practice and Experimentation
efficiency and
Priciples Flexible
prosperity Cause and effect relationship Contingent
Principles
Principles of
Wages are paid on the Basis
Division of Work
of Work Done. Employees
Management
who perform better are paid
Di
Taylor's Scientific Authority and Responsibility
ffe
higher wages than those who
re Management Discipline
W nt
perform below standard. ag i
e S
al P Fayol's Unity of Command
ys ie
ce
te
m Principles Unity of Direction
lutio
n Techniques Fu
nc Subordination of Individual
evo
tal R tio
Men na Interest to General Interest
&
It advocates cooperation
lF
or
n
tio
em
Remuneration of Employees
dy
an
pl
iza
tio
sh
k Stu
rd
ifi
an
Wor
Scalar Chain
m
St
Si
Order
To Maintain quality
standards Equity
To set up Performance
Method Study Stability of Tenure of Personnel
Standards Motion Study Initiative
To achieve Standards
Time Study Espirit De Corps
on Time
Fatigue Study