Fayol's Principle of Management (Activitiies of Business ((i)…
Fayol's Principle of Management
General Principles of Management
Classification of Business
Function of management
Activitiies of Business
(i) Technical Activities
Concerned with Production &manufacturing of goods
(ii) Financial Activities
Concerned with arranging the required finance,its use and control
(iii) Security Activities
Concerned with protection of property & persons
(iv) Accounting Activities
Concerned with stock taking,balance sheet,costing
Fayol's Principal of Management
(2.) Human Relation
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indicated that personal interests are subordinate to the interests of the organization (ethics).
employees must be treated kindly and equally. Employees must be in the right place in the organization to do things right.
Management strives to minimize employee turnover and to have the right staff in the right place.
Esprit de corps contributes to the development of the culture and creates an atmosphere of mutual trust and understanding.
This encourages the employees to be involved and interested.
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specialization promotes efficiency of the workforce and increases productivity.
the accompanying power or authority gives the management the right to give orders to the subordinates.
It is often a part of the core values of a mission and vision in the form of good conduct
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‘Unity of command’ means that an individual employee should receive orders from one manager
indicated that an organization should strive for a good balance in this.
All employees deliver the same activities that can be linked to the same objectives. .
“hierarchy” management principle states that there should be a clear line in the area of authority ( top to bottom & all managers at all levels).