Answer each of the following questions in about four to five sentences.

What are the principles of management suggested by Henry Fayol?

The principles of management suggested by Henry Fayol are as follows:

• Division of work- The efficiency of work becomes more when it is divided among skilful employees.

• Authority and responsibility- It refers to the official authority and individual responsibility which comes from experience and intelligence.

• Discipline- This refers to the managerial authority and disciples among the employee to conduct an efficient work and complete in due time.

• Unity of Command- This asks an employee to receive orders from one superior only.

• Unity of Direction- It directs a team having a leader and other employees to fulfil the objective of the plan.

• Sub-ordination and individual interest to general interest- It tells that there shouldn’t be any difference among each other and cooperate fully.

• Remuneration of Personnel- The remuneration and methods of payment should be fair and satisfactory to the employee.

• Centralisation- It refers to the extent to which the authority is concentrated, so that it gives overall yields.

• Scalar chain- This principle tells that in every enterprise there should be graded authority or superior-subordinate relationship.

• Equity- It states that there must be good co-operation among the employee.

• Stability of security to personnel- The management should look toward the job security of its employees.

• Initiative- The management should think of the final goals and progress accordingly.

• Espirit De-Corps- It focuses on the principle ‘Unity is Strength’.