CONTRIBUTION OF HENRY FAYOL

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What is management?Functions of Management14 Principles of

ManagementSummary

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According to Henry Fayol:

What is management?

Management is an art of getting things

done through and with the people in

formally organized groups.

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Functions of Management

PlanningOrganizingStaffingDirectingControlling

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Principles of management

Management principles are the statements

of fundamental truth based on logic which

provides guidelines for managerial decision

making and actions.

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There are 14 Principles of Management described by

Henri FayolThese principles are derived: -

1. On the basis of observation and analysis i.e. practical experience of managers.

2. By conducting experimental studies.

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1. Division of Labor

Work of all kinds must be divided &

subdivided and allotted to various

persons according to their expertise in a

particular area.

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EXAMPLE

Man for cutting.

For wood fixing.

Wood polishing.

In a wood manufacturing company

2. Authority & Responsibility

Authority refers to the right of superiors to

get exactness from their sub-ordinates.

Responsibility means obligation for the

performance of the job assigned.

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3. Unity of Command A sub-ordinate should receive orders and

be accountable to one and only one boss at

a time.

He should not receive instructions from

more than one person

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4. Unity of DirectionPeople engaged in the same kind of

business or same kind of activities must

have the same objectives in a single plan.

Without unity of direction, unity of action

cannot be achieved.

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5. Equity Equity means combination of fairness,

kindness & justice.

The employees should be treated with

kindness & equity if devotion is expected

of them.

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6. OrderThis principle is concerned with proper &

systematic arrangement of things and

people.

Arrangement of things is called material

order and placement of people is called

social order.

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EXAMPLEIf take an example of a small group correct order would be maintained if we find the clothes at its right place that is the almirah , the books on the study table and so on and so forth.

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7. Discipline Discipline means sincerity, obedience,

respect of authority & observance of rules

and regulations of the enterprise.

Subordinate should respect their

superiors and obey their order.

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EXAMPLE

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If a manager promises his emplyee that his wage rate would increase if he promises to increase the work rate, discipline there lies in keeping the promises made individually.

8. Initiative Initiative means eagerness to initiate

actions without being asked to do so.

Management should provide opportunity

to its employees to suggest ideas,

experiences& new method of work.

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9. Remuneration Remuneration to be paid to the workers

should be fair, reasonable, satisfactory &

rewarding of the efforts.

It should accord satisfaction to both

employer and the employees.

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10. Stability of Tenure Employees should not be moved

frequently from one job position to

another i.e. the period of service in

a job should be fixed.

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11. Scalar ChainScalar chain is the chain of superiors

ranging from the ultimate authority to the

lowest.

Every orders, instructions etc. has to pass

through Scalar chain.

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12. Sub-Ordination of Individual Interest to common goal

An organization is much bigger than

the individual it constitutes

therefore interest of the undertaking

should prevail in all circumstances.

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13. Espirit De’ Corps It refers to team spirit i.e. harmony in the

work groups and mutual understanding

among the members.

Espirit De’ Corps inspires workers to

work harder.

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14. Decentralization Centralization means concentration of

authority at the top level.

In other words, centralization is a situation

in which top management retains most of

the decision making authority.

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Panchayats in our country have been give more powers to decide and spend funds granted to them by the government for the welfare of the villages, this is decentralization at national level.

EXAMPLE

The Principles of Management are the

essential, underlying factors that form

the foundations of successful

management.

These principles serve as guidelines for

decisions and actions of managers.

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THANK YOU!

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• CHESTA • YASH • ADITYA• ANKIT• HARISH