CEO

 

Classic Management

 

Specific Tasks

 

   

Henry Fayol’s

14 Principles of Corporate Management

 

 

 

 

1. Division of work

Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. Work specialization is the best way to use the human resources of the organization.

2. Authority

Managers must be able to give orders. Authority gives them this right. Responsibility arises wherever authority is exercised.

3. Discipline

Employees must obey and respect the rules that govern the organization. Good discipline is the result of effective leadership, a clear understanding between management and workers regarding the organization's rules, and the judicious use of penalties for infractions of the rules.

4. Unity of command

Every employee should receive orders from only one superior.

5. Unity of direction

Each group of organizational activities that have the same objective should be directed by one manager using one plan.

 

 

 

6. Subordination of individual interests to the general interest

The interests of any one employee or group of employees should not take precedence over the interests of the organisation as a whole.

 

10-part Business Strategies of 7 World-Changing Firms

Strategic Alignment

 

 

 

7. Remuneration

Workers must be paid a fair wage for their services.

8. Centralization

Find the optimum balance of centralization and decentralisation for each situation.

9. Scalar chain

The line of authority from top management to the lowest ranks represents the scalar chain. Communications should follow this chain. However, if following the chain creates delays, cross-communications can be allowed if agreed to by all parties and superiors are kept informed.

10. Order

Arrange systematically men, machine, material etc. There should be specific place for every employee in organization.

11. Equity

Managers should be kind and fair to their subordinates.

12. 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.

 

 

 

13. Initiative

Employees who are allowed to originate and carry out plans will exert high levels of effort.

 

Take Initiative

Employee Empowerment

 

 

 

14. Esprit de corps

Promoting team spirit will build harmony and unity within the organization.

 

3 Eternal Tasks of Management

Inspirational Leader