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Discuss any five Principles of management as laid down by Herry Fayol. |
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Answer» Henri Fayol’s Principles of Management: (i) Division of Work: Division of work refers to dividing the work into compact jobs and allocating these compact jobs to different individuals.
(ii) Authority and Responsibility: According to this principle, there should be a proper balance between authority and responsibility.
(iii) Discipline: Discipline refers to obedience to rules and regulations of the organisation, which is necessary for systematic working of the organisation.
(iv) Unity of Command: According to this principles, each subordinates should receives orders and be accountable to one and only one superior.
(v) Unity of Direction: Unity of Direction implies that there should be one head and one plan for group of activities having same objectives.
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