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14 Principles of Management
MANAGEMENT AND ORGANIZATIONAL BEHAVIOR
Definition’s of Management...
“Management is the Art of
Knowing what you want to do and
then seeing that it is done in the
best and cheapest way” ~ F.W.Taylor
“Management is a multipurpose
organ that manage a business and
manages managers and manages
workers and work” ~ Peter Drucker
Henry Fayol was born in France 1841.
He was the Father of Modern
Management and his Degree in Mining
Engineering in 1860. He started
working as Engineer in Coal Mines
Company. In 1888 he got promoted as
a Managing Director.
~ Henry Fayol
Henry Fayol’s 14 Principles Of Management
1.Division Of Work :- Dividing the full work of the
organization among
Individual and creating
departments.
12.Stability of Tenure of
Personnel :- Employee needs time to
learn his job and to become
efficient and fair enough
time to settle into their
jobs.
13.Initiative :- Encourage the employees to
make their own plans and to
execute these plans.It
makes satisfaction to
employee.