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10233 Henri Fayols 14 Principles of Management

A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given situation. They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: […]

10235 Is Management Really a Profession? Key Insights

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to […]

10224 Management and Administration

According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmes and projects”. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman, “Administration means guidance, leadership & control of the efforts […]

12200 Study of Fayol and Taylor

Both the persons have contributed to development of science of management. The contribution of these two pioneers in the field of science of management has been reviewed as “The work of Taylor & Fayol was, of course, especially complementary. They both realized that problem of personnel & its management at all levels is the key […]

12902 Coordination and Cooperation

Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other. Co-ordination is an effort to integrate effectively energies […]

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  1. Development of Science for each part of men’s job (replacement of rule of thumb)

    1. This principle suggests that work assigned to any employee should be observed, analyzed with respect to each and every element and part and time involved in it.
    2. This means replacement of odd rule of thumb by the use of method of enquiry, investigation, data collection, analysis and framing of rules.
    3. Under scientific management, decisions are made on the basis of facts and by the application of scientific decisions.
  2. Scientific Selection, Training & Development of Workers

    1. There should be scientifically designed procedure for the selection of workers.
    2. Physical, mental & other requirement should be specified for each and every job.
    3. Workers should be selected & trained to make them fit for the job.
    4. The management has to provide opportunities for development of workers having better capabilities.
    5. According to Taylor efforts should be made to develop each employee to his greatest level and efficiency & prosperity.
  3. Co-operation between Management & workers or Harmony not discord

    1. Taylor believed in co-operation and not individualism.
    2. It is only through co-operation that the goals of the enterprise can be achieved efficiently.
    3. There should be no conflict between managers & workers.
    4. Taylor believed that interest of employer & employees should be fully harmonized so as to secure mutually understanding relations between them.
  4. Division of Responsibility

    1. This principle determines the concrete nature of roles to be played by different level of managers & workers.
    2. The management should assume the responsibility of planning the work whereas workers should be concerned with execution of task.
    3. Thus planning is to be separated from execution.
  5. Mental Revolution

    1. The workers and managers should have a complete change of outlook towards their mutual relation and work effort.
    2. It requires that management should create suitable working condition and solve all problems scientifically.
    3. Similarly workers should attend their jobs with utmost attention, devotion and carefulness. They should not waste the resources of enterprise.
    4. Handsome remuneration should be provided to workers to boost up their moral.
    5. It will create a sense of belongingness among worker.
    6. They will be disciplined, loyal and sincere in fulfilling the task assigned to them.
    7. There will be more production and economical growth at a faster rate.
  6. Maximum Prosperity for Employer & Employees

    1. The aim of scientific management is to see maximum prosperity for employer and employees.
    2. It is important only when there is opportunity for each worker to attain his highest efficiency.
    3. Maximum output & optimum utilization of resources will bring higher profits for the employer & better wages for the workers.
    4. There should be maximum output in place of restricted output.
    5. Both managers & workers should be paid handsomely.

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