Hello friends,
Knowledge of management is essential if you want to be successful in business. We do a variety of things while doing business. Then there are some principles / rules to keep in mind if these tasks are to be completed on time and efficiently. So let us now learn some of the principles / rules of this management. We will look at 14 principles outlined by Henry Fayol, a French engineer and management expert.
Principles of Management -
1) Division of Work: Assigning each task to one or more employees with proper division increases the efficiency of the workers a lot. Division of labor allows for specialization and increases productivity. Assign tasks to each employee so that they can become proficient in them.
2) Rights and Responsibilities: Rights and responsibilities are two sides of the same coin and maintaining balance between them is the job of management. When responsibility is delegated to an individual in the organization, that individual must be empowered. No one can carry out responsibilities without the necessary authority. Respect the intelligence, experience and values of that officer / manager.
3) Discipline: The manager expects disciplined behavior from all employees. Disciplined organization can work well. It is the responsibility of the management to maintain discipline in the organization.
4) Uniformity of orders: If there is no unity of orders, there is no discipline in the organization. An employee should only receive orders from one supervisor. "Otherwise, authority, discipline, order and stability are at stake.
5) Uniformity of guidance: A team with the same goal should work under the guidance of a manager using a plan. This leads to unity and coherence in the guidance. Action requires a condition that focuses on unity, coordination of strength, and effort.
6) Priority of general interest: It is necessary to give priority to the interest of the organization over personal interest. The interests of the organization are important when making any decision, it cannot be ignored by the management. Prioritizing personal interests can lead to disagreements among workers. Individuals, including managers, should perform individual tasks.
7) Remuneration: Considering the efficiency, productivity and satisfaction of the employee, he should be remunerated for the work done. This is something that managers need to pay attention to. Because the organization progresses only because of the efforts and hard work of that employee.
8) Centralization: According to Henry Fayol, the centralization of authority at the right level in the organization allows the maximum use of management capacity. Balancing employee decision-making with centralized decision-making. The extent to which power is centralized and decentralized depends on the size, nature and capacity of the organization.
9) Right-chain: (scalar chain). In management, it is necessary to create a chain of authority to clarify the relationship from the senior officer to the junior officer. This chain determines the jurisdiction and determines who is responsible to whom. Employees need to know where they stand in the organization's hierarchy and who they can talk to in the order number.
10) Order: It has a definite place in the organization according to the order of each person, as well as the order of each object. This principle allows the right people to be hired for the right job and increase efficiency. The “right man in the right place” creates an effective social system.
11) Equality: If workers are treated equally without discrimination, So a harmonious relationship can be established between the workers and the management and the work can be done successfully.
12) Job stability: Every employee in the organization will have job stability, So he tries to complete his work efficiently with more interest. The volatile working class is considered a failure of management.
13) Sense of initiative: It is the job of management to encourage workers to think independently and to instill in them a desire for initiative. If management gives the right motivation, So employees can use their latent power to increase production.
14) Team spirit is the only strength: Productivity and production can only increase if all workers have a sense of unity. Management is the result of collective and organized efforts.
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