SHERWOOD COLLEGE OF MANAGEMENT.

Presentation on

Henry Fayol Principles Of Management

FAYOLS 14 PRINCIPLES OF MANAGEMENT

Introduction To Management
Traditional Approach : Management consist of getting thing done through the effort of other people .

Modern Approach :: Management is a process of an activity , a discipline and an effort to co-ordinate , control and direct , individual and group effort toward coattaining the goal of an organization.

PRINCIPLES OF MANAGEMENT
 A principles may be defined as fundamentals statement of basic truth that provides a guide to thought and action  Principles of management originate and grow as a result of past experience and accomplishments NEED OF PRINCIPLES OF MANAGEMENT:     To To To To improve efficiency crystalline the nature of management improve research attain social goals

Fayols Administrative Management

Fayols Introduction :-

 A French mining engineer, developed 14 principles of management.  He was the real father of modern management.  He was the first person who laid emphasis on the Process of Management.  In his retirement, he established the centre of Administrative studies.

Fayols Activities
Fayol found the six activities of an industrial organization and divided into six group:

1. 2. 3. 4. 5. 6.

Technical (Relating to production) Commercial (Buying, selling and exchange) financial (Search for capital and its optimum use) Security (Protection of property and person) Accounting (balance sheet, stocktaking, statistics, costing); Managerial ( Planning, organizing, command, co-ordination and control )

Management is a process of 5 elements

Fayols Principles of Management

1.

Division of work :- This refer to specialization which increase the

efficiency of the individual employee.

2.

Authority and Responsibility :- Authority and Responsibility

are related.. With formal authority managers have the right to command and to give order to their subordinate.

3.

Discipline :- This means obedience, proper conduct in relation to

others and complying with the rules and regulations of the organizations.

4. Unity of command :- Employees must receive instruction only from

one person. Reporting to more than one manager results to conflicts in instruction and confusion of authority.

5. Unity of direction :- One head one plan each group activities

having one objective should be unified by having one plan and one head.

6. Subordination of individual to general interest :- Common

interest is above the individual interest means the effort should be bring about convergence of general and individual interest.

7. Remuneration of personal :- Remuneration of employees should

be fair and provide maximum satisfaction to employees and employers.

8.

of subordinates role is decentralization; everything which goes to reduce it is centralization.

Centralization - Everything which goes to increase the importance

9.

Scalar chain The chain of Superior ranging from the highest to

lowest rank .It refer to flow of information between management and worker.

10. Order -This is a principal relating to the arrangement of things and

people.

11. Equity It is a Combination of justice and kindliness with the

employee. The application of equity requires good sense, experience, and good nature for soliciting loyalty and devotion from subordinate.

12 Stability of tenure :- Stability of tenure is essential to get an

employee accustomed to new work and succeeding in doing it well. Unnecessary turnover is both cause and effect of bad management.

12 Initiative :- Within the limit of authority and discipline, managers

should encourage their employees for taking initiative. it also increase the zeal and energy on the part of human being that concerned with thinking out and execution of a plan.

13

Esprit de corps :- This is the principal of union is strength and

extension of unity of demands for establishing team work.

Thanking you.