PRINCIPLES OF MANAGEMENT

(DEFINITION)
 Principle is a fundamental statement or
truth providing a guide to the thought or
action .
-G.R Terry
 Management principle are fundamental
Truth of general validity which have
value in predicting the results of
management actions.
-Koontz and O’Donnell
 IMPORTANCE/NEED OF
PRINCIPLES OF MANAGEMENT
• To increase the managerial
efficiency.
• To coordinate Material and human
Resource.
• To train managers.
• To improve Research.
• To Attain Social Objectives.
HENRY FAYOL’S
PRINCIPLES
OF
MANAGEMENT
 14 Principles of
management
• Division of Work
• Authority and Responsibilty
• Discipline
• Unity of Command
• Unity of Direction- one head , one
plan for a group of activities having
same objectives.
• Priority to general interest over individual
interest
• Fair Remuneration to
Employees/Personnel
• Effective Centralisation
• Order- concerned with the arrange of
things and placement of people
• Equity
• Stability in the tenure of personal
• Initiative

• Scalar Chain- Scalar chain is the chain of

superiors ranging from the ultimate authority to
the lowest level in the organization

• Espirit De Crops
 Effective coordination
 Strong motivation
 Recognition& importance of the members for their valuable
contribution.