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Principal of management, Division of work, Authority and responsibility,…
Principal of management
Division of work
Specialization increases efficiency
Authority and responsibility
Power must come with accountability
Discipline
Follow rules and agreements
Unity of Command
One superior for each subordinate
Unity of Direction
One plan for one goal
Subordination of Individual Interest
Company interest over personal interest
Remuneration
Fair and motivating payment
Centralization
Balance decision-making between top and lower levels
Scalar Chain
Clear chain of command
Order
Everything and everyone in the right place
Equity
Fair and kind treatment of employees
Stability of Tenure
Job security for efficiency
Initiative
Encourage employees ideas
Esprit de Corps
Promote team spirit and unity