PRINCIPLES OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMPRINCIPLES OF MANAGEMENT5 Marks
Question
Briefly introduce Henri’s views about his management principles and enlist them.
✓
Answer
Henri Fayol’s Principles of management:
The principles developed by Henri Fayol were totally new tor that era.
Henri believed that to become a successful manager in any industrial unit, knowledge alone is not enough. One should also be aware about how the various activities of the entire industry function.
While giving these principles Henri Fayol said that “These are only directive principles. Success of these principles depends upon the sharp sense of management. It is a task of wisdom.”
With his rich experience and knowledge he presented $14$ important principles of Management. They are:
Division of work
Authority and responsibility
Discipline
Unity of command
Unity of direction
Sub-ordination of individual interest to the general interest
Remuneration of personnel
Centralization
Scalar chain
Order
Equality
Stability of personnel tenure
Initiative
Esprit de corps $($Feeling of oneness$)$
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