Principles of Management according to Foyols
On the basis of Foyols what are the principles of Management?
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Henri Fayol (1841-1925) was a French Mechanical engineer who gave 14 general principles of Management which are as under:
1. Division of Work
2. Authority and Responsibility
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual Interest to General Interest
7. Remuneration of Employees
8. Centralization and Decentralization
9. Scalar Chain
10. Order
11. Equity
12. Stability of Personnel
13. Initiative
14. Espirit De Corps
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