Management is essential to any organization that wishes to be efficient and achieve its aims. Without someone in a position of authority there would be organizational anarchy with no structure and very little, if any focus. It has been said that management has four basic functions – planning, organizing, leading and controlling. Common sense dictates that without these principles of management being in place an organization would have trouble achieving its aims, or even coming up with aims in the first place! A classic theory on the principles of management was written by Henri Fayol. It seeks to divide management into 14 principles. Division of work, Authority, Discipline, Unity of command, Unity of direction, Subordination individual interests to the collective interests, Remuneration, Centralization, Scalar chain, Order, Equity, Stability of tenure of personnel, Initiative, Morale are the 14 principles of Fayol.

Saranya R Kurup

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