Management Principles Developed by Henri Fayol.

1. Division of Work: Division of work refers to dividing the work into compact jobs and allocating these compact jobs to different individuals. This Principle applies to both managerial as well as technical work. 

2. Discipline: Discipline refers to obedience to rules and regulations of the organization, which is necessary for systematic working of the organization. 

3. Unity of Command: Principles of unity of command is followed as subordinate receive orders and is accountable to only one superior. However, in the principle of unity of command is violated as subordinate get orders from two superiors. 

4. Unity of Direction: Unity of Direction implies that there should be one head and one plan for group of activities having same objectives. It ensures unity of action and coordination and avoids unnecessary duplication of efforts. 

5. Centralisation and Decentralisation: According to this principle, there should be proper balance between centralization and decentralization in the organization. Centralisation refers to concentration of decision-making authority, whereas decentralization refers to evenly distribution of authority at all levels of management.