Henry Fayol Flashcards
This specialisation alone can give maximum productivity and efficiency
Division of work
These are the two sides management coin they exist together
Authority and responsibility
objectives rules and regulations that an organisation must have
Discipline
objectives rules and regulations that an organisation must have
Discipline
Instructions and orders from only one superior
Unity of command
All members of the organisation must work together to accomplish common objective
Unity of direction
It is otherwise known as principle of co operation.
Emphasis on subordination of personal interest or common intrest
Fair pay with non financial rewards.
Remuneration
Authority and power
Centralisation
Unity of command bring about a chain or hierarchy of command
Scalarchain
Fayol suggest that there must be a place for everything
Order
A group will be involved in joint effort
Equity
People need time to adjust himself with the new work and demonstrate in due course
Stability of tenure
It is foundation of sound organization,union is strength
Espirit of corporation
Creative thinking and sound marginal planning
Intiative