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Principles of Management (Fayol's Principles of Management (Scalar…
Principles of Management
Nature
Flexibile
Mainly behavioural
Formed by practice and experimentation
Cause and effect relationships
General guidelines
Contingent
Universal applicability
Significance
Scientific decisions
Meeting changing environment requirements
Optimum utilization of resources and effective administration
Fulfilling social responsibility
Providing managers with useful insights into reality
Management training, education and research
Principles of Scientific Management (Taylor)
Harmony, Not Discord
Cooperation, Not Individualism
Science, Not Rule of Thumb
Development of Each and Every Person to His/Her Greatest Efficiency and Prosperity
Techniques of Scientific Management
Motion Study
Time Study
Method Study
Fatigue Study
Standardization and Simplification of Work
Differential Piece Wage System
Functional Foremanship
Fayol's Principles of Management
Scalar Chain
Order
Centralization and Decentralization
Equity
Remuneration of Employees
Stability of Personnel
Subordination of Individual Interest to General Interest
Initiative
Unity of Direction
Espirit De Corps
Unity of Command
Discipline
Authority and Responsibility
Division of Work