Answer to Question #226588 in Management for Anu

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 

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:

1)Division of Work.

2)Authority and Responsibility.

3)Discipline.

4)Unity of Command.

5Unity of Direction.

6)Subordination of Individual Interest.

7) Remuneration.

8)The Degree of Centralization

9) Scalar Chain.

10) Order.

14) Equity.

15) Stability of Tenure of Personnel.

16) Initiative.

17) Being determined for the concurrence and association of employees