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Henry Fayol’s 14 Principles Of Management with Reference to Starbucks Business Studies Project
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Hello all. • In my this video I had explained 14 principles of management by Henry Fayol with different examples. • Different management experts have explained different principles based on their research. • Henry Fayol, a famous French industrialist, has described fourteen management principles in his book General and Industrial Management. • The thing is, whenever you are managing something or running a business, you cannot pinpoint what is going wrong. • The principles of management suggested 14 principles which you can compare to your business, and find out where you are missing out in proper implementation of the principles. • This was especially useful in times when computers and modern software were not available. • Today, there are so many time-tracking devices and management techniques available that you might think you don't need the 14 management principles. • But these principles are also applicable in today’s work environment. • The fourteen principles given by Fayol are as under: • TIMESTAMPS • 0:00 Welcome to my channel Management By Dr. Mitul Dhimar • 0:20 Henri Fayol’s 14 Principles of Management with examples • 0:35 Division of work is explained with the example of news reporting • 1:15 Authority is explained with the example of Supreme court • 1:39 Discipline is explained with the example of sports coaching • 2:19 Unity of command is explained with the example of Pilot • 3:00 Unity of direction is explained with the example of Sales target • 3:26 SUBORDINATION OF INDIVIDUAL INTERESTS TO THE GENERAL INTERESTS is explained with the example of working overtime • 4:04 Remuneration is explained with the example of labor commissioner • 4:50 Centralization is explained with the example of military • 5:45 Scalar chain is explained with the example of company CEO • 6:21 Order is explained with the example of Google office • 6:49 Equity is explained with the example of multinational corporation • 7:27 Stability of personnel is explained with the example of Indian oil employee • 7:59 Initiative is explained with the example of Gabbar is back movie • 8:39 ESPIRIT DE CORPS is explained with the example of sports team member • Thanks for watching and commenting. • Please subscribe to my channel if you like my video • / @managementbydr.mituldhimar • Moreover, do not forget to hit the bell icon to get all the latest updates. • Following is the list other other videos on principles of management • 1. Concept of POSDCORB • • Explain the functions of management w... • 2. Basis of departmentation • • Basis / types of departmentation in m... • 3. Control techniques • • Techniques of controlling (8 techniqu... • 4. Line organisation structure with its features, merits and demerits • • Line organization structure with its ... • 5. Elements / types of plan • • Different types of plan in management... • 6. Features of management • • Characteristics or features of manage... • 7. Planning process • • Planning process with examples / Ste... • 8. Evaluation of management thoughts • • Approaches of management with example... • 9. Decision making process • • Decision making process in management... • #managementbydrmituldhimar • Majority of photographs are downloaded from freepik.com • background music downloaded from YouTube audio library free music • videvo website use for free video download
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