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16 Cards in this Set
- Front
- Back
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He is considered to be the father of Modern Management Theory |
Henry Fayol |
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Enumerate the 14 principles of management according(?) to Henry Fayol |
1. Division of work 2. Balancing authority and responsibility 3. Discipline 4. Unity of command 5. Unity of direction 6. Subordination of individual interest to general interest 7. Remuneration 8. Centralization 9. Scalar chain 10. Order 11. Equity 12. Stability of personnel 13. Initiative 14. Esprit de cope |
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Principle that says segregating work in the workforce amongst the workers will enhance the quality of the product, and that division of work improves the productivity |
Division of work |
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The princple that involves two key aspects of management, and says that *one aspect* facilitates the management to work efficiently, and responsibility mskes them responsible for the work done under their guidance or leadership |
Balancing authority and responsibility |
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Principle that implements rules and regulation, and is the core value for any project or any management |
Discipline |
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Principle that tells of following one superior at a time |
Unity of command |
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Principle that tells of following one plan at a time |
Unity of direction |
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Principle that says that the general interest of the team must always be prioritied by the members over each of their personal interest |
Subordination of individual interest to general interest |
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Principle to pay each employee their salary |
Remuneration |
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Principle that suggests that there must be a balance between thr heirarchy and the division of power (such as in decision making) |
Centralization |
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Principle that highlights that the hierarchy steps and who shall be followed shall start from the top to the lowest |
Scalar chain |
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Principle that says a company should maintain a well-defined work order to have a favourable work culture |
Order |
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Principle that says that all employees are to be treated equally |
Equity |
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Principle that rules that an employee must not be fired spontaneously, and that the employee would perform best if he/she feels secure within the company |
Stability of personnel |
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Principle that says that the management should support and encourage the employees to take initiatives in the organization |
Initiative |
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Principle that states that it is the responsibility of the management to motivate their employees and be supportive of each other regularly, developing mutual trust and understanding in order to form a positive work environment |
Esprit de cope |
