10. Read the article about the management principles. Choose 3 principles which you consider the most important and write a short composition expressing your opinion.
Management Principles developed by Henri Fayol:
Division of work: Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task.
Authority: The concepts of authority and responsibility are closely related. Authority is the right to give orders and the power to exact obedience. Responsibility involves being accountable. Whoever assumes authority also assumes responsibility.
Discipline: A successful organization requires the common effort of workers. Penalties should be applied judiciously Writing. 10. Read the article about the management principles to encourage this common effort.
Unity of command: Workers should receive orders from only one manager.
Unity of direction: The entire organization should be moving towards a common objective in a common direction.
Subordination of individual interests to general interst: The interests of one person should not take priority over the interests of the organization as a whole.
Remuneration: Many variables, such as cost of living, supply of qualified personnel, general business conditions, and success of the business, should be considered in determining a worker’s rate of pay.
Centralization: Fayol defined centralization as lowering the importance of Writing. 10. Read the article about the management principles 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.
Scalar chain: 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.
Order: Both equipment and people must be well chosen, well placed, and well organized.
Equity: All employees should be treated as equally as possible.
Stability of tenure of personnel: Retaining productive employees should always be a high priority of management.
Initiative: Management Writing. 10. Read the article about the management principles should take steps to encourage worker initiative, which is defined as new or additional work activity undertaken through self direction.
Esperit de corps: Management should encourage harmony and general good feelings among employees.