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Unformatted text preview: There are 14 Principles of Management described by Henri Fayol. 1. Party of Authority & Responsibility 2. Division of labor 3. Principle of One Boss 4. Unity of Direction 5. Equity 6. Order 7. Discipline 8. Initiative 9. Fair Remuneration 10. Stability of Tenure 11. Scalar Chain 12. Sub-Ordination of Individual Interest to General Interest 13. Espirit De’ Corps (can be achieved through unity of command) 14. Centralization & De-Centralization...
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This note was uploaded on 11/25/2011 for the course MANAGEMENT mg101 taught by Professor - during the Fall '09 term at Montgomery.
- Fall '09