SHERWOOD COLLEGE OF MANAGEMENT.

Presentation on

Henry FayolPrinciples Of Management

Presentation on

Henry FayolPrinciples Of Management

FAYOL’S 14 PRINCIPLES OF MANAGEMENT

Introduction To ManagementIntroduction To Management

Traditional Approach Traditional Approach :-:-

“ “ Management consist of getting thing done through the effort of other Management consist of getting thing done through the effort of other people .”people .”

Modern Approach :-Modern Approach :-

“ “ Management is a process of an activity , a discipline and an effort to Management is a process of an activity , a discipline and an effort to co-ordinate , control and direct , individual and group effort toward co-ordinate , control and direct , individual and group effort toward attaining the goal of an organization.”attaining the goal of an organization.”

PRINCIPLES OF MANAGEMENTPRINCIPLES OF MANAGEMENT

A principles may be defined as fundamentals statement of basic truth that provides a guide to thought and action

Principles of management originate and grow as a result of past experience and accomplishments

NEED OF PRINCIPLES OF MANAGEMENT:

To improve efficiency To crystalline the nature of management To improve research To attain social goals

Fayol’s Administrative ManagementFayol’s Administrative Management

Fayol’s Introduction :-

A French mining engineer, developed 14 principles of management.

He was the real father of modern management.

He was the first person who laid emphasis on the Process of Management.

In his retirement, he established the centre of Administrative studies.

Fayol’s ActivitiesFayol’s Activities

Fayol found the six activities of an industrial

organization and divided into six group:

1. Technical (Relating to production)2. Commercial (Buying, selling and exchange)3. financial (Search for capital and its optimum use)4. Security (Protection of property and person)5. Accounting (balance sheet, stocktaking, statistics, costing); 6. Managerial ( Planning, organizing, command, co-ordination and

control )

Management is a process of 5 elements…

Fayol’s Principles of ManagementFayol’s Principles of Management

1. Division of work :- This refer to specialization which increase the efficiency of the individual employee.

2. Authority and Responsibility :- Authority and Responsibility are related.. With formal authority managers have the right to command and to give order to their subordinate.

3. Discipline :- This means obedience, proper conduct in relation to others and complying with the rules and regulations of the organizations.

4. Unity of command :- Employees must receive instruction only from one person. Reporting to more than one manager results to conflicts in instruction and confusion of authority.

5. Unity of direction :- “One head one plan” each group activities having one objective should be unified by having one plan and one head.

6. Subordination of individual to general interest :- Common interest is above the individual interest means the effort should be bring about convergence of general and individual interest.

7. Remuneration of personal :- Remuneration of employees should be fair and provide maximum satisfaction to employees and employers.

8. Centralization - Everything which goes to increase the importance of subordinate’s role is decentralization; everything which goes to reduce it is centralization.

9. Scalar chain –The chain of Superior ranging from the highest to lowest rank .It refer to flow of information between management and worker.

10. Order -This is a principal relating to the arrangement of things and people.

11. Equity – It is a Combination of justice and kindliness with the employee. The application of equity requires good sense, experience, and good nature for soliciting loyalty and devotion from subordinate.

12 Stability of tenure :- Stability of tenure is essential to get an employee accustomed to new work and succeeding in doing it well. Unnecessary turnover is both cause and effect of bad management.

12 Initiative :- Within the limit of authority and discipline, managers should encourage their employees for taking initiative. it also increase the zeal and energy on the part of human being that concerned with thinking out and execution of a plan.

13 Esprit de corps :- This is the principal of ‘union is strength’ and extension of unity of demands for establishing team work.

Thanking you….