Principles of Management: Difference between revisions
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The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to Henri Fayol (1841-1925) in his book ''General and Industrial Management'', there are fourteen 'principles of management'. | The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to [[Wikipedia:Henri Fayol|Henri Fayol]] (1841-1925) in his book ''General and Industrial Management'' (1916), there are fourteen 'principles of management'. | ||
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== The Principles == | == The Principles == | ||
Management principles are statements of fundamental truth. These principles serve as guidelines for decisions and actions of managers. | Management principles are statements of fundamental truth. These principles serve as guidelines for decisions and actions of managers. | ||
They are derived through observation and analysis of events which managers have to face in | They are derived through observation and analysis of events which managers have to face in practice. | ||
1. '''Division of Work -''' | 1. '''Division of Work -''' | ||
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Scalar Chain refers to the chain of superiors ranging from top management to the lowest rank. The principle suggests that there should be a clear line of authority from top to bottom linking all managers at all levels. It is considered a chain of command. | Scalar Chain refers to the chain of superiors ranging from top management to the lowest rank. The principle suggests that there should be a clear line of authority from top to bottom linking all managers at all levels. It is considered a chain of command. | ||
It involves a concept called a "gang plank" using which a subordinate may contact a superior or his superior in case of an emergency,defying the hierarchy of control.However the imediate superiors must be informed about the matter | |||
10. '''Order -''' | 10. '''Order -''' | ||
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Fayol also divided the management function into five key roles: | Fayol also divided the management function into five key roles: | ||
*To organise | *To organise | ||
* To plan and forecast (Prevoyance) | *To plan and forecast (Prevoyance) | ||
* To command | *To command | ||
*To control | *To control | ||
*To coordinate | *To coordinate | ||
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#Administration Industrielle et Général, Henri Fayol, 1917 | #Administration Industrielle et Général, Henri Fayol, 1917 | ||
== | == Participants in this [[learning resource]] == | ||
*[[User:RobbiG]] | |||
==See also== | ==See also== | ||
* [[ | * [[Business]] | ||
* [[ | * [[Master of Business Administration]] | ||
* [[ | * [[Business research]] | ||
* [[ | * [[Start-Up Business Financing]] | ||
* [[ | * [[International Business]] | ||
[[Category:Management]] | [[Category:Management]] | ||
[[Category:Principles]] | [[Category:Principles]] | ||