2. MEANING
• A principle refers to a statement which reflect the
fundamental truth about some phenomenon based
on a cause and effect relationship.
3. Nature of management principle
•Universal application.
•General guidelines.
•Flexibility.
•Based on cause and effect relation.
4. Principle of management by fayol
• Division of work.
• Authority and responsibility.
• Discipline.
• Unity of command.
• Unity of direction.
• Subordination of individual interest
to general interest.
• Remuneration.
• Centralisation
• Scalar chain.
• order.
• Equity.
• Stability .
• Initiative.
• Esprit de corps.
5. 1. Division of work
Whole work must be divided
in to small task and assigning
the whole work to one
parson one task according to
the capability or qualification.
8. 4.Unity of command
It means employee should receive
order from one boss only if he is
receiving orders from more than one
boss then he will get confused and
will not be able to understand
That whose order must be exeucated
first
9. 5. Unity of direction
The purpose of unity of direction is
to direct the effort of employees of
one department in achieving the
main objective of that department.
10. 6.Subordination of
individual interest to
general interest
In the organization all the employee are
work with some objective and there
always an objective of organisation. If
the objective of the individual is same
direction then there no problem but if
the objective of both group is different
direction then manager must try to
recincile individual goal with organisation
goal.
11. 7.Remuneration
Remuneration is the price for the
service received .if an
organisation want efficiant
employee and best parformance
than it should have a good
remuneration policy.
17. 13.Initiative .
Initiative refers to the first
step with self motivation. it
means managers must
welcome the suggestion and
ideas of the employee before
framing the plan
18. 14.Esprit de corps.
It means management
must encourage and
promote team sprit
,unity , and harmony
in organisation.