Fayol's 14 Principles of Management

Henri Fayol's 14 Principles of Management provide foundational guidelines for effective organizational leadership. They include: 1. **Division of Work** - Specialization increases productivity. 2. **Authority and Responsibility** - Leaders must hold decision-making power alongside accountability. 3. **Discipline** - Respect and adherence to rules foster order. 4. **Unity of Command** - Employees should receive orders from one supervisor to avoid confusion. 5. **Unity of Direction** - Groups working towards common goals enhance coordination. 6. **Subordination of Individual Interests** - Team objectives take precedence over personal ones. 7. **Remuneration** - Fair compensation motivates employees. 8. **Centralization** - Decision-making balance between management and staff is crucial. 9. **Scalar Chain** - Clear hierarchy aids communication. 10. **Order** - A structured environment promotes efficiency. 11. **Equity** - Fairness builds loyalty. 12. **Stability of Tenure** - Job security boosts productivity. 13. **Initiative** - Encouraging creativity leads to innovation. 14. **Esprit de Corps** - Team spirit fosters cooperation and morale. These principles remain relevant in management practices today.