What are Fayol’s fourteen Principles of Management?

In order to put into practice the elements of management, Fayol enunciated fourteen principles which should be applied carefully and selectively. They are explained below :-

  1. Division of work – Division of work is necessary to enjoy the benefits of specialisation.
  2. Authority and responsibility – Authority means the power to give orders and to ask for obedience Responsibility means the sense of dutifulness which is correlated with authority. There must be a parity between the two.
  3. Discipline – The three requisites are necessary for maintaining discipline – (a) good supervisors, (b) clear and fair agreements and (c) proper application of sanctions or penalties.
  4. Unity of Command – It means that one individual employee must receive orders from one individual superior only.
  5. Unity of direction – One and same objective for the whole unit of organization and for that there should be one leadership and one plan.
  6. Subordination of individual interest to general interest – Individual or group interest must be surrendered to general interest.
  7. Remuneration – Remuneration should be fair and satisfactory to both the employees and the employer.
  8. Centralization – By centralization there is optimum utilisation of the available resources.
  9. Scalar chain – It is the chain of superior existing from the highest authority to the lowest ranks.
  10. Order – It means that inside an organization there should be a place for everything and everything in its place.
  11. Equity – The sense of equity must prevail throughout all the levels of the organization and the management should see to it.
  12. Stability of tenure of personnel – An employee needs time to get himself accustomed to a line of work and then he can show his ability. Therefore the personnel are stable.
  13. Initiative – The initiative of the personnel must be roused at every level even by sacrifice of vanity by the managers.
  14. Esprit de Corps – Teamwork is essential for the success of an organization.

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