Principle of Management by Henry Fayol

1.Division of work:
This principle implies that every employees should be assigned only one type of work.The objective of division of work is to derive benefit from the principle of specialization.It add to the efficiency of labour.By this principle the, much more production is possible by the same amount of workers.

2.Authority and Responsibility:
The right to give order and power is called authority.On the other hand responsibility means the obligation to perform the assigned work.In any management process delegation of power, utilization of authority, and fixation of authority are the key to success.Authority without responsibility leads to irresponsible behavior while responsibility without authority will make a person ineffective.The success of management solely depends upon parity of authority and responsibility.

3.Discipline:
This principle of Henry Fayol means to obey the decision and the guideline of the superior.This principle is applicable both in management and the subordinate because all are with in the rules of the organization.In fayol view the superior can only expect discipline of subordinate only when they are discipline.

4.Unity of command:
A subordinate must get order from one and only one subordinate.So that he can complete his duties in the best possible way.

5.Unity of Direction:
This principle focuses that there should be one plan and one head for a group of activities having common objective.

6.Subordination of individual interest to general interest:
The first emphasis should be given to general interest rather than individual interest.The achievement of general interest ultimately contributes to the achievement of individual interest.

7.Remuneration of personnel:
The employees should be provided with correct amount of remuneration according to the performance.This makes the employees more loyal to their work.

8.Centralization:
Centralization reduces subordinate's role where as decentralization increases it.According to fayol, managers should retain final responsibility but the subordinate should be given much authority to do their respective jobs.

9.scalar chain:scalar chain
The management hierarchy must flow from top level to lower level.The scalar chain refers to the unbroken relation ranging from top level to lower level.This principle emphasis that the communication must travel from top level to lower ranking official so that every one has the clear concept about the current plans of the organization.

10.Order:
All the resources should be arranged in systematic way.

11.Equity:
Equity is the combination of kindness and justice.Employees expects equity from the management.It ensures healthy industrial relation management and laborwhich is essentialfor the successful working environment.

12.stability of tenure:
Employees must have job security.Frequent changes must be avoided.The moral of the employees will increase if they have job security and ultimately the organization will achieve it's goals.

13.Initiative:
Preferences should be given to the employees to think out plans on their own.

14.Esprit de corps:
This proverb means that "union is strength".It refers that there should be team work in the organization to achieve better result.

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