Principle Of Management Assignment

Principle Of Management Assignment-26
In other words, authority and responsibility go together and they are two sides of the same coin.This third principle of the 14 principles of management is about obedience.According to Henri Fayol, the accompanying power or authority gives the management the right to give orders to the subordinates.

In addition, the specialization of the workforce increases their accuracy and speed.

This management principle of the 14 principles of management is applicable to both technical and managerial activities.

In order to have an organization function well, Henri Fayol indicated that personal interests are subordinate to the interests of the organization (ethics).

The primary focus is on the organizational objectives and not on those of the individual.

Henri Fayol was able to synthesize 14 principles of management after years of study.

In practice, employees are specialized in different areas and they have different skills.

These activities must be described in a plan of action.

The manager is ultimately responsible for this plan and he monitors the progress of the defined and planned activities.

At the time there were only few (external) management tools, models and methods available.

Thanks to scientists like Henri Fayol (1841-1925) the first foundations were laid for modern scientific management.

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