14 Principles of Management - Henri Fayol: by Rahul KR Singh Mba (Hospital Administration) MMHRC, Madurai
14 Principles of Management - Henri Fayol: by Rahul KR Singh Mba (Hospital Administration) MMHRC, Madurai
14 Principles of Management - Henri Fayol: by Rahul KR Singh Mba (Hospital Administration) MMHRC, Madurai
-HENRI FAYOL
By
RAHUL KR SINGH
MBA(HOSPITAL ADMINISTRATION)
MMHRC,MADURAI
INTRODUCTION
A principle refers to a fundamental truth.
It establishes cause and effect relationship between
two or more variables under given situation.
They serve as a guide to thought & actions.
These principles are derived: -
•On the basis of observation and analysis
•By conducting experimental studies
14 PRINCIPLES OF MANAGEMENT DESCRIBED
BY HENRI FAYOL
Division of Labor
Party of Authority & Responsibility
Principle of One Boss
Unity of Direction
Equity
Order
Discipline
14 PRINCIPLES OF MANAGEMENT DESCRIBED
BY HENRI FAYOL
Initiative
Fair Remuneration
Stability of Tenure
Scalar Chain
Sub-Ordination of Individual Interest to General Interest
Espirit De’ Corps
Centralization & De-Centralization
DIVISION OF LABOUR
stressed on the specialization of jobs