Q. What are the principles of Management?
Top Answer
Solution:
Henry Fayol is popularly known as the father of modern management.
Henry Fayol propounded the 14 principles of management.
- Division of Work
- Authority and Responsibility
- Discipline
- Unity of command
- Unity of direction
- Subordinate of individual interest to general interest.
- Fair remuneration to workers
- Effective centralisation
- Scalar Chain
- Order
- Equity
- Stability of tenure of workers
- Initiative
- Esprit de corps
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