ICIT Practical File14 Fundamental Principles of Management Formulated by Henry Fayol by Saritha Pujari Management Different management experts have explained different principles on the basis of their research. Henry Fayol, a famous industrialist of France, has described fourteen principles of management in his book General and Industrial Management. Management Image Courtesy : staffingstream.wpengine.netdna-cdn.com/wp-content/uploads/management.jpg Explaining the difference between ‘principles’ and ‘elements’ he makes it clear that the principles of management are fundamentally true and establish a relationship between cause and effect, while the ‘elements’ of management point towards its functions. While presenting the principles of management Fayol has kept two things in mind. Firstly, the list of the principles of management should not be long but should be suggestive and only those principles should be explained which become applicable in most of the situations. Secondly,