what are fayols principles of management

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Business Finance

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I need explanation or examples of them 

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Explanation & Answer


Henry fayol came up with 14 principles of management

 Division of labour

 

centralization-work should be centralised

Equity

stability

initiative

order

Authority

Division of labour

Espirit da corps

subordination of interest

Renumeration

Chain of command- there should be well established chain in terms of hierachyindividuals and groups to ensure  that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization. 

Discipline

Unity of command


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