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Principles of Management

principles of Management

for change of location of plant, for change of profit sharing ratio, etc. Division of work leads to specialization, and specialization helps to increases efficiency and efficiency which results improvements in productivity and profitability of the organization. Every orders, instructions, messages, requests, explanation etc. When he published 14 principles in 1914 in the book called Administration Industrielle et Gnrale, managers started to get the tools they needed to lead. Successful company will need the common effort of workers. Material order- There should be safe, appropriate and specific place for every article and every place to be effectively used for specific activity and commodity. It implies that managers should be fair and impartial while dealing with the subordinates. If an organization wants efficient employees and best performance, then it should have a good remuneration policy. Authority refers to the right of superiors to get exactness from their sub-ordinates whereas responsibility means obligation for the performance of the job assigned.

It is related to the functioning of departments, or organization as a whole. However, the methods for doing this can vary.

Party of Authority Responsibility, authority responsibility are co-existing. Balancing Authority and Responsibility, authority must be equal to Responsibility. To command/Commanding, Leading, to coordinate/Coordinating, to control/Controlling See Also edit Bibliography edit References edit Retrieved from " ". Discipline - It is obedience, proper conduct in relation to others, respect of authority, etc. Spirit De Corps inspires workers to work harder. Scalar Chain Fayol defines scalar chain as The chain of superiors ranging from the ultimate authority to the lowest. But they should also remember that with authority comes responsibility. All activities which have the same objective must be directed by one manager, and he must use one plan. Team spirit helps develop an atmosphere of mutual trust and understanding.