It means one head, one plan for a group of activities having similar objectives. It is related to the functioning of departments, or organization as a whole. Necessity It is necessary for fixing responsibility of each subordinates.
Fayol presented work specialization as the best way to use the human resources of the organization. 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. Fayols 14 principles assumes authority also assumes responsibility.
A successful organization requires the common effort of workers. Penalties should be applied judiciously to encourage this common effort.
Workers should receive orders from only one manager. The entire organization should be moving towards a common objective in a common direction. The interests of one person should not take priority over the interests of the organization as a whole. 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.
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.
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. All employees should be treated as equally as possible.
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.
Management should take steps to encourage worker initiative, which is defined as new or additional work activity undertaken through self direction. Management should encourage harmony and general good feelings among employees.3 FTC MANAGEMENT PRINCIPLES AND PRACTICES Course Objective The objective of this course is to help the students gain understanding of the functions and.
MGT Principles of Management 1 Table of Contents CHAPTER ONE: MEANING, NATURE AND SCOPE OF MANAGEMENT .. 4. Dr. Berger’s article outlines the subject of employee/organizational communication, describing its importance and basic internal communication processes, networks and channels.
Different management experts have explained different principles on the basis of their research. Henry Fayol, a famous industrialist of France, has described fourteen principles of management in his book General and Industrial Management.
F. W. Taylor is is called the father of Scientific Management.
He believed that the application of the scientific method, instead of customs and rule of thumb could yield this productivity without the expenditure of more human energy or effort. Henri Fayol was one of the first theorists to define functions of management in his book “Administration Industrielle et Generale”.
Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling.