Fayol's Principles of Management
{"Image DocumentName": "Fayol\u2019s Principles of Management", "Image ImageDescription": "Division of Labor. Authority and Responsibility. Unity of Command. Line of Authority. Centralization. Unity of Direction. Equity. Order. Fayol s Principles of Management: Henri Fayol was a CEO of a mining company in early 1900\u2019s, and identified 14 principles that he believed to be essential to increasing the efficiency of the management process. Division of Labor: allows for job specialization - jobs can have too much specialization leading to poor quality and worker dissatisfaction. Fayol advocated allowing workers to taken on more job duties to perform and assume more responsibility for work outcomes. Authority and Responsibility - both formal and informal authority resulting from special expertise. Fayol went beyond Weber\u2019s formal authority to include the informal authority derived from personal expertise, knowledge, and ability to lead. Unity of Command - Employees should have only one boss. Line of Authority - A clear chain of command from top to bottom of the firm. It is important to allow managers at middle to interact with managers at similar levels in other departments to speed decision making. Centralization - The degree to which authority rests at the top of the organization. Unity of Direction - A single plan of action to guide the organization. An organization without a single overall plan becomes inefficient and ineffective. Equity - The provision of justice and the fair and impartial treatment of all employees. Fayol felt equity resulted from the combination of respect and justice. Order - The arrangement of employees where they will be of the most value to the organization and to provide career opportunities to satisfy their own needs. 16.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}