MODERN PRINCIPLES OF

MANAGEMENT
 MR. HENDRY FALOY

• HE WAS BORN IN THE YEAR 1841 AND

DIED IN 1925
• HE WAS A FRENCH MINING ENGINEER, MINING
EXECUTIVE, AUTHOR AND DIRECTOR OF MINES.
• IN 1888, HE WAS PROMOTED AS MANAGING
DIRECTOR
• HE DEVELOPED GENREL THEORY OF BUSINESS
ADMINISTRATION CALLED FAYOLISM.
• HE IS THE FATHER OF MODERN MANGEMENT
• HE FORMULATED THE 14 MAJOR PRINCIPLES OF
MANAGEMENT
 14 MAJOR PRINCIPLES OF MODERN
MANAGEMENT
• DIVISION OF WORK • THE DEGREE OF CENTRALIZATION
• AUTHORITY AND • LINE OF AUTHORITY
RESPONSIBILITY • ORDER
• DISCIPLINE • EQUITY
• UNITY OF COMMAND • STABILITY OF TENURE OF
• UNITY OF DIRECTION PERSONNEL
• INDIVIDUAL INTREST • INITIATIVE
• REMUNERATION • ESPRIT DE CORPS / TEAM WORD
 1. DIVISION OF WORK
• THE WHOLE WORK IS DIVIDE INTO
SMALL TASK.
• DIVISION OF WORK WHICH LEADS
TO SPECIALIZATION WHICH INCREASE
THE EFFICIENCY OF LABOUR.
• THE SPECIALIZATION OF THE WORK
FORCE ACCORDING TO THE SKILLS OF
THE PERSON.
• BY DIVISION OF WORK WE CAN
INCREASE THE BUSINESS PRODUCTIVITY
 2. AUTHORITY AND RESPONSIBLITY

AUTHORITY: RIGHT OF THE

SUPERIOR TO GIVE ORDER TO THE
SUBORDINATES

RESPOSIBITITY: OBLIGATION FOR

PERFORMANCE