14 Principles of Management Henri Fayol Easiest way to remember

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CONTENT OF VIDEO :- • 14 Principles Of Management • Henri Fayol 14 Principles Of Management • 14 Principles Of Management Fayol In Hindi • Henri Fayol • WELCOME TO BRIGHT MODE • PRINCIPLES OF MANAGEMENT • Principles of management are broad and general guidelines for managerial decision making and behavior . • *The principles of management help the organization to create a coherent management structure which is the backbone of running a successful organization. • Henri Fayol also is known as ‘father of modern management theory’ gave a new perception of the concept of management. He introduced a general theory that can be applied to all levels of management and every department. • 14 PRINCIPLES OF MANAGEMENT BY HENRI FAYOL • 1 . Division Of Work • 2 . Authority And Responsibility • 3 . Discipline • 4 . Unity Of Command • 5 . Unity Of Direction • 6 . Subordination Of Individual Interest manage To Mutual Interest • 7. Remuneration • 8 . The Degree Of Centralization • 9 . Line Of Authority/Scalar Chain • 10 . Order • 11 . Equity • 12 . Stability Of Tenure Of Personnel • 13. Initiative • 14. Espirit De Corps/Team Spirit • _________________ • 14 PRINCIPLES OF HENRI FAYOL • 1 . DIVISION OF WORK • Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization. • 2 . AUTHORITY AND RESPONSIBILITY • The concepts of Authority and responsibility are closely related. Authority was defined by Fayol as the right to give orders and the power to exact obedience. Responsibility involves being accountable, and is therefore naturally associated with authority. Whoever assumes authority also assumes responsibility. • 3 . DISCIPLINE • A successful organization requires the common effort of workers. Penalties should be applied judiciously to encourage this common effort. • 4 . UNITY OF COMMAND • Workers should receive orders from only one manager. • 5 . UNITY OF DIRECTION • The entire organization should be moving towards a common objective in a common direction. • 6 . SUBORDINATION OF INDIVIDUAL INTEREST TO MUTUAL INTEREST • The interests of one person should not take priority over the interests of the organization as a whole. • 7. REMUNERATION • Many variables, such as cost of living, supply of qualified personnel, general business conditions, and success of the business, should be considered in determining a worker's rate of pay • 8 . THE DEGREE OF CENTRALIZATION • Fayol defined centralization as lowering the importance of the subordinate role. Decentralization is increasing the importance. The degree to which centralization or decentralization should be adopted depends on the specific organization in which the manager is working. • 9 . LINE OF AUTHORITY/SCALAR CHAIN • Managers in hierarchies are part of a chain like authority scale. Each manager, from the first line supervisor to the president, possess certain amounts of authority. The President possesses the most authority; the first line supervisor the least. Lower level managers should always keep upper level managers informed of their work activities. The existence of a scalar chain and adherence to it are necessary if the organization is to be successful. • 10 . ORDER • For the sake of efficiency and coordination, all materials and people related to a specific kind of work should be treated as equally as possible. • 11 . EQUITY • All employees should be treated as equally as possible. • 12 . STABILITY OF TENURE OF PERSONNEL • Retaining productive employees should always be a high priority of management. Recruitment and Selection Costs, as well as increased product-reject rates are usually associated with hiring new workers. • 13. INITIATIVE • Management should take steps to encourage worker initiative, which is defined as new or additional work activity undertaken through self direction, • 14. ESPIRIT DE CORPS/TEAM SPIRIT • Management should encourage harmony and general good feelings among employees. • • Subscribe:- BRIGHT MODE • By:- MINAL MAKWANA • VIDEO EDIT BY :- RAVI KUMAR (BUDDY FITNESS) • Thank you for Watching video • Do Like Share And Subscribe • Also Follow On • Instagram : brightmode_official • https://instagram.com/brightmode_offi... • Twitter : @BRIGHT_MODE_ • https://twitter.com/BRIGHT_MODE_?s=08 • Facebook page • / brightmodeminal • ShareChat • https://b.sharechat.com/oVySQ9aH57 • #14Principles #henrifayol #brightmode #Education

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