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Learn Management the Easy Way with the Help of Downloadable Power-point Presentations
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ManagementStudyGuide.comSlide2
Henri Fayol’s – 14 Principles
of ManagementSlide3
Course Objectives
Introduction Division of work Authority Discipline Unity of Command
Unity of Direction
Subordination of individual interest to general interest
Remuneration
Centralization
Scalar Chain
Order
Equity
Stability of Tenure Personnel
Initiative
Espirit De’ CorpsSlide4
Principles of Management
Management principles are a set of fundamental truths based on logic which provides guidelines for managerial decision making and other actions. These principles are derived:
On the basis of observation and analysis i.e. practical experience of managers.
By conducting experimental studiesSlide5
History – Henri Fayol
Henri Fayol was born in Istanbul in 1841. When he was 19, he began working as an engineer at a large mining company in France. He eventually became the director, at a time when the mining company employed more than 1,000 people.
Fayol began to develop what he considered to be the 14 most important principles of management. Essentially, these explained how managers should organize and interact with
staff.
In 1916, two years before he stepped down as director, he published his "14 Principles of Management" in the book "Administration Industrielle et
Generale" .
Fayol also created a list of the six primary functions of management, which go hand in hand with the
Principles.
Fayol's "14 Principles" was one of the earliest theories of management to be created, and remains one of the most
comprehensive.Slide6
Authority – Definition and Meaning
“The right to give order and the power to exact obedience”
– Henri Fayol
The term ‘authority’ implies the right and power of a person to exercise discretion to make decisions, to issue orders, to use organizational resources and to hire and fire employees. It is the sum of rights and powers entrusted to a person to enable him to perform the assigned tasksSlide7
Sources of authority
A person may get his authority from 3 sources
Competence authority
It is the authority of knowledge. A person having specialized knowledge and skill commands influence over others
Acceptance authority
It is the authority which an individual gets when others accept or obey his orders and instructions. A person’s command may be accepted when he can
give
rewards and penalties
Formal authority
It is official authority given to an individual by his boss. For example, shareholders delegate authority to the Board of Directors which in turn delegates to Chief ExecutiveSlide8
Example of Unity of Command
Unity of CommandManagerAssistant Manager
Supervisor
Executive
WorkersSlide9
Elements of Direction
Supervision
Supervision means overseeing the subordinates at work. Effective supervision ensures greater output of high quality
Coordination
It is the process of directing the activities of various persons in unison to attain objectives
Leadership
Leadership is the ability to build up confidence and zeal among the people and to create an urge in them to be led
Communication
A manager has to tell the workers what to do, how to do it and when to do it. He is also required to provide continuous guidance to the workers in the performance of their task
Motivation
While directing, the manager has to create in his subordinates the willingness to pursue the goals of the organization enthusiasticallySlide10
Decentralized approach vs. Centralized approach
Level 1
Level 2
Level 3
Level 4
Decentralized approach
Centralized approach
Bottom-to-top-approach
Top-to-bottom-approachSlide11
Scalar Chain and Gang Plank
Scalar chain & Gang Plank
F
E
D
C
B
A
P
O
N
M
L
In the figure, the scalar chain in an organization is represented by two ladders, A to F and A to P
Any communication from F to P has to flow upwards to A through E, D and C and B then downwards through L, M, N and O. It will obviously take a long time
So in order to minimize the delay involved in communication, a gang plank between F and P may be created as shown by the dotted line.
However, the Gang Plank should not be a normal practice as it undermines the established line of authoritySlide12
Fayol principle on Order
S
T
R
A
T
E
G
Y
For social order Fayol demands
“the right man in the right place”
, in order to achieve the maximum possible outcome of the employee’s applied skills
Modern corollaries of how this principle can be applied can be found in the fact that every larger company today has a human resources department that to the largest part deals with the question of how to find the right employees
The modern answer to Fayol’s problem to find the “right man” is a specialized department that addresses this aspect of social orderSlide13
Various types of Inputs and Outcomes
Efforts
Pay
Time
Promotion
Education
Recognition
Experience
Security
Training
Personal development
Ideas
Benefits
Ability
Friendship opportunitySlide14
Learn Management the Easy Way with the Help of Downloadable Power-point Presentations
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