Answer to Question #221851 in Management for prayu

Question

You are hired as a trainer by Rustica Metallics, a newly setup organization dealing in manufacturing of metallic parts for automobiles especially electric cars. The CEO wants you to train the newly recruited management trainees about the Principles of Management. Explain the principles of Management to these newly recruited employees by taking the help of Henri Fayol’s 14 Principles of Management ? need an introduction

Answer 1

Successful management essentially entails several grounded factors. Management effectively necessitates following these universally accepted principles that bring about success within an assortment of settings: 

• Division of Work.

• Authority and Responsibility.

• Discipline.

• Unity of Command. 

• Unity of Direction. 

• Subordination of Individual Interest.

• Remuneration.

• The Degree of Centralization

• Scalar Chain.

• Order.

• Equity.

• Stability of Tenure of Personnel.

• Initiative.

• Being determined for the concurrence and association of employees (Esprit de Corps).