14 Principles of Management BY Henri Fayol
14 Principles of Management BY Henri Fayol A principle refers to a fundamental truth. It establishes cause and effect relationships between two or more variables under a given situation. They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: - On the basis of observation and analysis i.e. practical experience of managers. By conducting experimental studies. There are 14 Principles of Management described by Henri Fayol. Division of Labor Henri Fayol has stressed on the specialization of jobs. He recommended that work of all kinds must be divided & subdivided and allotted to various persons according to their expertise in a particular area. Subdivision of work makes it simpler and results in efficiency. It also helps the individual in acquiring speed, accuracy in his performance. Specialization leads to e
