MANAGEMENT PRINCIPLES Flashcards
In the early ____, large organizations, such as production factories, had to be managed too.
1900’s
Scientists like ___________, the first foundations were laid for modern scientific management.
Henri Fayol (1841-1925)
Underlying factors for successful management.
Principles of Management
Henri Fayol synthesized how many principles of management?
14
14 principles of management
- Division of work
- Authority
- Discipline
- Unity of command
- Unity of direction
- Subordination of individual interest
- Remuneration
- Centralization
- Scalar chain (line of authority)
- Order
- Equity
- Stability of tenure
- Initiative
- Esprit de Corps
Specialization encourages continuous Improvement in skills and the development of improvements in methods
Division of work
Managers have the right to give orders and should be given the power to exact obedience
Authority
The legitimacy of this authority is only possible when managers provide _____?
Good leadership
Employees should work hard consistently, and rules should not be bent.
Discipline
Employees should receive direction from only one supervisor.
Unity of command
People engaged in the same work should have the same goals.
Unity of direction
When employees are at work, they should think about only work.
Subordination of individual interest
Employees should receive fair payments for services.
Remuneration
Management functions should be consolidated, and decisions should be made from the top.
Centralization
There should be a formal chain of command running from the top to the bottom of the organization.
Scalar chain (line of authority)
All materials and personnel have a prescribed place.
Order
Employees should be treated equitably but not necessarily identically.
Equity
Employees will work better if they have a sense of job security.
Stability of tenure
Employees should be able to demonstrate their strengths, talents, and innovative ideas.
Initiative
Management must foster employee morale.
Esprit de Corps
Henri Fayol defined ___ functions of management for the management component, and these are still seen as relevant to organizations today.
Five
This five functions focus under the relationships between personnel and its management , and they provide points of reference so that problems can be solved in a creative manner.