Henri fayol functions of management pdf

FUNDAMENTALS OF MANAGEMENT HENRI FAYOL: 14 Principles of Management By: Prof. Aastha Sawhney Bachelors of Business Management IMS, Ghaziabad University Courses Campus INTRODUCTION  A principle refers to a fundamental truth  It establishes cause and effect relationship between two or more variables under given situation  They serve as a guide to thought & actions  These principles are derived: ▪ On the basis of observation and analysis ▪ By conducting experimental studies HENRI FAYOL 4 PRINCIPLES OF MANAGEMENT -HENRI FAYOL DIVISION OF LABOUR  Specialization allows the individual to build up experience, and to continuously improve his skills.

Thereby he can be more productive  Stressed on the specialization of jobs  Work of all kinds must be divided and allotted to various persons  Simpler and results in efficiency  Helps the individual performance  Specialization leads to efficiency & economy i