14 Principles Of Management - Revision history

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 == What are Henry Fayol's 14 Principles Of Management? ==
-Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday business operations for ensuring effective management of the organization. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
+[[Henri Fayol]] proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday business operations for ensuring effective management of the organization. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
 '''Functions of Management'''

@@ Line 1: / Line 1: @@
 == What are Henry Fayol's 14 Principles Of Management? ==
-Henri Fayol proposed four primary functions of [[management]] and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday [[business]] operations for ensuring effective management of the [[organization]]. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
+Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday business operations for ensuring effective management of the organization. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
 '''Functions of Management'''
@@ Line 16: / Line 16: @@
 *Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective [[leadership]].
 *Unity of command - Every employee should receive orders from only one superior.
-*Unity of direction - Each group of organizational activities that have the same objective should be directed by one [[manager]] using one plan for the achievement of one common goal.
+*Unity of direction - Each group of organizational activities that have the same objective should be directed by one manager using one plan for the achievement of one common goal.
 *Subordination - The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
 *Remuneration - Workers must be paid a fair wage for their services.
 *Centralization - Centralization refers to the degree to which subordinates are involved in decision-making.
 *Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
-*Order - this [[principle]] is concerned with the systematic arrangement of men, machines, material,s etc. there should be a specific place for every employee in an organization
+*Order - this principle is concerned with the systematic arrangement of men, machines, material,s etc. there should be a specific place for every employee in an organization
 *Equity - Managers should be kind and fair to their subordinates.
 *Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
@@ Line 52: / Line 52: @@
 ===Further Reading===
-*Fayol's 14 principles of management then and now: A [[framework]] for managing today's organizations effectively [http://www.esf.edu/for/germain/rodriques_2_14.pdf Carl A. Rodrigues]
+*[http://www.esf.edu/for/germain/rodriques_2_14.pdf Fayol's 14 principles of management then and now: A framework for managing today's organizations effectively -Carl A. Rodrigues]

@@ Line 1: / Line 1: @@
 Henri Fayol proposed four primary functions of [[management]] and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday [[business]] operations for ensuring effective management of the [[organization]]. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
@@ Line 42: / Line 44: @@
 === See Also ===
-*[[IT Strategy (Information Technology Strategy)|IT Strategy]]

@@ Line 1: / Line 1: @@
-Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday [[business]] operations for ensuring effective management of the [[organization]]. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
+Henri Fayol proposed four primary functions of [[management]] and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday [[business]] operations for ensuring effective management of the [[organization]]. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
 '''Functions of Management'''
@@ Line 10: / Line 10: @@
 '''The 14 Principles of Management'''
-*Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase [[efficiency]]. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
+*Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
 *Authority - Managers must be able to give orders. Authority gives them this right. Note that responsibility arises wherever authority is exercised.
 *Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective [[leadership]].
-*Unity of command - Every [[employee]] should receive orders from only one superior.
+*Unity of command - Every employee should receive orders from only one superior.
-*Unity of direction - Each group of organizational activities that have the same [[objective]] should be directed by one [[manager]] using one plan for achievement of one common goal.
+*Unity of direction - Each group of organizational activities that have the same objective should be directed by one [[manager]] using one plan for the achievement of one common goal.
 *Subordination - The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
 *Remuneration - Workers must be paid a fair wage for their services.
-*Centralization - Centralization refers to the degree to which subordinates are involved in decision making.
+*Centralization - Centralization refers to the degree to which subordinates are involved in decision-making.
 *Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
-*Order - this [[principle]] is concerned with systematic arrangement of men, machine, material etc. there should be a specific place for every employee in an organization
+*Order - this [[principle]] is concerned with the systematic arrangement of men, machines, material,s etc. there should be a specific place for every employee in an organization
 *Equity - Managers should be kind and fair to their subordinates.
 *Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
@@ Line 27: / Line 27: @@
 '''Features of Principles of Management'''<br />
-The principles of management are identified facts which are developed through individual experiences and can be applied to all kinds of business entities. To know more about these principles, let us go through its following characteristics:
+The principles of management are identified facts that are developed through individual experiences and can be applied to all kinds of business entities. To know more about these principles, let us go through the following characteristics:
@@ Line 35: / Line 35: @@
 *All are Equally Important: Every management principle holds equal importance in the business organization.
-*Universally Applicable: These principles can be applied to any kind of organization, whether large or small or belongs to any [[industry]].
+*Universally Applicable: These principles can be applied to any kind of organization, whether large or small, or belongs to any industry.
-*Regulates Human Behaviour: The [[application]] of the management principles helps the organization to monitor and [[control]] the behaviour of the personnel.
+*Regulates Human Behaviour: The application of management principles helps the organization monitor and control the behavior of the personnel.
-*Flexible in Nature: The applicability of these principles vary from organization to organization.
+*Flexible in Nature: The applicability of these principles varies from organization to organization.
-*Develops Cause and Effect Relationship: The principles of management establishes a relationship between every action and its consequences in the short and long run.
+*Develops Cause and Effect Relationship: The principles of management establish a relationship between every action and its consequences in the short and long run.
 === See Also ===
-[[Management]]<br />
+*[[IT Strategy (Information Technology Strategy)|IT Strategy]]
-[[Management Accounting]]<br />
+*[[E-Strategy|e-Business Strategic Planning]]
-[[Management Buy-Out]]<br />
+*[[IT Governance|Governance of Information Technology (ICT)]]
-[[Management Consulting]]<br />
+*[[Enterprise Architecture|What is Enterprise Architecture Planning]]
-[[Management Development]]<br />
+*[[IT Sourcing (Information Technology Sourcing)|Information Technology Sourcing (IT Sourcing)]]
-[[Management Metaphors]]<br />
+*[[IT Operations (Information Technology Operations)|Information Technology Operations (IT Operations)]]
-[[Management Model]]<br />
+*[[Chief Information Officer (CIO)|Chief Information Officer (CIO)]]

@@ Line 1: / Line 1: @@
-Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday business operations for ensuring effective management of the organization. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
+Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday [[business]] operations for ensuring effective management of the [[organization]]. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
 '''Functions of Management'''
@@ Line 10: / Line 10: @@
 '''The 14 Principles of Management'''
-*Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
+*Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase [[efficiency]]. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
 *Authority - Managers must be able to give orders. Authority gives them this right. Note that responsibility arises wherever authority is exercised.
-*Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective leadership.
+*Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective [[leadership]].
-*Unity of command - Every employee should receive orders from only one superior.
+*Unity of command - Every [[employee]] should receive orders from only one superior.
-*Unity of direction - Each group of organizational activities that have the same objective should be directed by one manager using one plan for achievement of one common goal.
+*Unity of direction - Each group of organizational activities that have the same [[objective]] should be directed by one [[manager]] using one plan for achievement of one common goal.
 *Subordination - The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
 *Remuneration - Workers must be paid a fair wage for their services.
 *Centralization - Centralization refers to the degree to which subordinates are involved in decision making.
 *Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
-*Order - this principle is concerned with systematic arrangement of men, machine, material etc. there should be a specific place for every employee in an organization
+*Order - this [[principle]] is concerned with systematic arrangement of men, machine, material etc. there should be a specific place for every employee in an organization
 *Equity - Managers should be kind and fair to their subordinates.
 *Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
@@ Line 35: / Line 35: @@
 *All are Equally Important: Every management principle holds equal importance in the business organization.
-*Universally Applicable: These principles can be applied to any kind of organization, whether large or small or belongs to any industry.
+*Universally Applicable: These principles can be applied to any kind of organization, whether large or small or belongs to any [[industry]].
-*Regulates Human Behaviour: The application of the management principles helps the organization to monitor and control the behaviour of the personnel.
+*Regulates Human Behaviour: The [[application]] of the management principles helps the organization to monitor and [[control]] the behaviour of the personnel.
 *Flexible in Nature: The applicability of these principles vary from organization to organization.
 *Develops Cause and Effect Relationship: The principles of management establishes a relationship between every action and its consequences in the short and long run.
@@ Line 69: / Line 69: @@
 ===Further Reading===
-*Fayol's 14 principles of management then and now: A framework for managing today's organizations effectively [http://www.esf.edu/for/germain/rodriques_2_14.pdf Carl A. Rodrigues]
+*Fayol's 14 principles of management then and now: A [[framework]] for managing today's organizations effectively [http://www.esf.edu/for/germain/rodriques_2_14.pdf Carl A. Rodrigues]

← Older revision		Revision as of 16:59, 4 February 2021
Line 26:		Line 26:


−	'''Features of Principles of Management'''	+	'''Features of Principles of Management'''<br />
	The principles of management are identified facts which are developed through individual experiences and can be applied to all kinds of business entities. To know more about these principles, let us go through its following characteristics:		The principles of management are identified facts which are developed through individual experiences and can be applied to all kinds of business entities. To know more about these principles, let us go through its following characteristics:

← Older revision		Revision as of 16:58, 4 February 2021
Line 30:		Line 30:


−	[[File:Features of Principles of Management.jpg\|400px\|Features of Principles of Management]]	+	[[File:Features of Principles of Management.jpg\|400px\|Features of Principles of Management]]<br />
	source: [https://theinvestorsbook.com/henri-fayols-14-principles-of-management.html The Investors Book]		source: [https://theinvestorsbook.com/henri-fayols-14-principles-of-management.html The Investors Book]

@@ Line 9: / Line 9: @@
 Lately scholars of management combined the commanding and coordinating function into one leading function.
-'''Principles of Management'''
+'''The 14 Principles of Management'''
 *Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
 *Authority - Managers must be able to give orders. Authority gives them this right. Note that responsibility arises wherever authority is exercised.
@@ Line 26: / Line 26: @@
-'''Features of Principles of Management<ref>Features of Principles of Management [https://theinvestorsbook.com/henri-fayols-14-principles-of-management.html The Investors Book]</ref>'''<br />
+'''Features of Principles of Management'''
 The principles of management are identified facts which are developed through individual experiences and can be applied to all kinds of business entities. To know more about these principles, let us go through its following characteristics:
 [[File:Features of Principles of Management.jpg|400px|Features of Principles of Management]]
-source: The Investors Book
+source: [https://theinvestorsbook.com/henri-fayols-14-principles-of-management.html The Investors Book]
@@ Line 40: / Line 40: @@
 *Develops Cause and Effect Relationship: The principles of management establishes a relationship between every action and its consequences in the short and long run.
 === See Also ===
@@ Line 70: / Line 63: @@
 [[Chief Information Officer (CIO)|Chief Information Officer (CIO)]]<br />
 [[Leadership|Leadership]]<br />

@@ Line 1: / Line 1: @@
-Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''. <ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol|Wikipedia]</ref>
+Henri Fayol proposed four primary functions of management and '''fourteen principles of management'''.<ref>Henri Fayol's 14 principles of management [https://en.wikipedia.org/wiki/Henri_Fayol Wikipedia]</ref>  The principles of management refer to the fundamental truth which is generally applied to the everyday business operations for ensuring effective management of the organization. Though these principles are not very appropriate for the modern business world, they have laid the foundation of business management.
 '''Functions of Management'''
@@ Line 10: / Line 10: @@
 '''Principles of Management'''
-#Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
+*Division of labor - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labor, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.
-#Authority - Managers must be able to give orders. Authority gives them this right. Note that responsibility arises wherever authority is exercised.
+*Authority - Managers must be able to give orders. Authority gives them this right. Note that responsibility arises wherever authority is exercised.
-#Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective leadership.
+*Discipline - Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective leadership.
-#Unity of command - Every employee should receive orders from only one superior.
+*Unity of command - Every employee should receive orders from only one superior.
-#Unity of direction - Each group of organizational activities that have the same objective should be directed by one manager using one plan for achievement of one common goal.
+*Unity of direction - Each group of organizational activities that have the same objective should be directed by one manager using one plan for achievement of one common goal.
-#Subordination - The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
+*Subordination - The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.
-#Remuneration - Workers must be paid a fair wage for their services.
+*Remuneration - Workers must be paid a fair wage for their services.
-#Centralization - Centralization refers to the degree to which subordinates are involved in decision making.
+*Centralization - Centralization refers to the degree to which subordinates are involved in decision making.
-#Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
+*Scalar chain - The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain.
-#Order - this principle is concerned with systematic arrangement of men, machine, material etc. there should be a specific place for every employee in an organization
+*Order - this principle is concerned with systematic arrangement of men, machine, material etc. there should be a specific place for every employee in an organization
-#Equity - Managers should be kind and fair to their subordinates.
+*Equity - Managers should be kind and fair to their subordinates.
-#Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
+*Stability of tenure of personnel - High employee turnover is inefficient. Management should provide orderly personnel planning and ensure that replacements are available to fill vacancies.
-#Initiative - Employees who are allowed to originate and carry out plans will exert high levels of effort.
+*Initiative - Employees who are allowed to originate and carry out plans will exert high levels of effort.
-#Esprit de corps - Promoting team spirit will build harmony and unity within the organization.<ref>Fayol's 14 principles of management then and now
+*Esprit de corps - Promoting team spirit will build harmony and unity within the organization.<ref>Fayol's 14 principles of management then and now
@@ Line 34: / Line 49: @@
 === See Also ===
 [[IT Strategy (Information Technology Strategy)|IT Strategic Planning]]<br />
 [[E-Strategy|e-Business Strategic Planning]]<br />