Learn the principles of management by Henry Fayol

Henry Fayol was an engineer in 1860 in a collier company in France. He was appointed as a manager and remained in the position for many years. The financial position of the company at that time was critical, so he was appointed as a General Manager. The story of Fayol is described in MBA classes who require MBA assignment help so that they are understood with this topic. Fayol felt that management activities can be grouped into six categories, such as financial, technical, commercial, accounting, and security. coursework writing services follow the principles of management according to Fayol which include:

Division of labor: If more people specialize in the same activity then there are high chances to perform the work efficiently. This is possible by specializing the skills and activities according to the need of the organization and individual. The principle is followed by the modern assembly line. 

Authority: Managers should order their subordinates so that they can get things done. While the formal authority gives command and managers will not always compel obedience rules unless they have personal authority as well. 

Discipline: Employees of an organization need to follow rules and agreements that govern the organization. Henry Fayol follows the discipline that results from good leadership at all levels of the organization and gets fair judgments. 

Unity of command: According to Henry Fayol, every employee must get direction from a single person. Fayol believed that every employee should report to more than one manager as it helps in minimizing confusion and instructions that will automatically result in good results. 

Unity of direction: The tasks and operations within the organization that has similar objectives should be followed by one manager using a single plan. 

Subordination of individual interest to a common goal: In any of the cases, the interest of employees should not take any precedence over the organization and recognize it as a whole. 

Remuneration: MBA assignment help helps the student to learn about this topic as the compensation offered to the employees and employers for the work done should be fair. 

Centralization: the role of centralization that is the role of subordinates is decreasing in the decision-making process and the role of decentralization is increasing day by day. 

The hierarchy: The line of authority in an organization is represented by the lines of an organization that runs in order of rank from top to the lowest level of the enterprise. 

Order: People and material of the organization should be in right place and at the right time. People should be in positions or jobs in which they are most suited. 

Equity: The manager should be both friendly and fair with the subordinates. This helps in building collaboration and coordination among the team members. 

Stability of staff: If the turnover rate of staff is high it undermines the efficiency of an organization. 

Initiative: The employees or subordinates should be given the freedom to conceive or carry out the plans even though they result in mistakes. 

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