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Management is an essential element for an organization. It helps an organization achieve its objectives and layout the foundation for success. Without management, there would be chaos and lack of structure, direction.

Brief Information about Management Principles

Let us study some principles of management given by Fayol:

• Discipline: It is another important management principle ,this ensures the structure and hierarchy is being followed , there is mutual respect , rules and protocols being met which is very much needed for an organization to flourish.
• Clear chain of command: This should exist in an organization. Each of the employees should clearly know whose instruction they need to follow, which specific person they need to report into
• Unity of direction: This is another principle which states that all efforts should be directed towards one single goal or an objective.
• Subordination: It means the goals of organization and unit should take prefernce over the goals of individual or an employee. This means there is clear subordination.
• Remuneration or a fair compensation: This is necessary to ensure that employees are paid fair and remuneration scales are competitive to attract right talent and retain them as well
• Centralization: It states decision making process is central , decisions be made from top to bottom or some bottom to top depending on which kind of decision has to be taken
• Scalar chain: This means there should be a clear chain of communication between employees and management. The same should be followed and respceted unless there is any emergency or escalation
• Order : It  means there should be a order or a structure in which things should be done , resources be utilized.
• Equity: It  is another principle which states that all employees should be treated equally, must follow rules and commands of manager should be priority for them.
• Stability of tenure of personnel: This principle focused on ensuring there is right amount of tenure stability being given to employees at a particular position. There should be right deployment and movement as when needed per the career chart of individual and organization needs. The aim is to strike a balance between the two.
• Initiative: This principle clearly needs the management to enable employees to Express their ideas ,take initiative and lead so that they have motivation and a way to Express their creativity
• Esprit de corps: This principle of management ensures that there is feeling of unity and mutual trust in employees . There should be an environment of positivity and culture of respect.

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