Management2 - Q2 Discuss the 14 general principles of management given by Fayol Which principle do you think is the most important Ans Fayol is

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Q2). Discuss the 14 general principles of management given by Fayol. Which principle do you think is the most important? Ans: Fayol is called the real father of modern management theory. Fayol stressed on management aspects and he regarded elements of management as its functions – planning, organizing, commanding, coordinating and controlling. His observations are still valid after seven to eight decades. Throughout his study he stressed on the universality of the principles. He repeatedly pointed out that the principles apply not only to the business but also to the political, religious, philanthropic, military and other undertakings. Following are the 14 general principles given by Fayol. Division Of Work : Division of work means dividing the total work into small convenient components and giving each component to one employee. This brings specialization and enables people to concentrate effectively on the assigned responsibility. This improves performance, ability and accuracy in the work. Authority and Responsibility : Authority should be equal to responsibility. These two terms are integral aspects of the managerial process AND inter-related, as responsibility is the corollary of authority. Those who have authority to give orders must be willing to accept responsibility for the results. Responsibility arises when the authority is used and hence authority and responsibility cannot be separated.
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This note was uploaded on 01/19/2012 for the course FINANCE 11 taught by Professor Rao during the Spring '11 term at Amity University.

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Management2 - Q2 Discuss the 14 general principles of management given by Fayol Which principle do you think is the most important Ans Fayol is

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