1. Principles of Management - - Henry Fayol
Henry Fayol suggested 14 principles of management as explained: Division Of Work: Division of work means dividing the total work into small convenient components and giving each component to one employee. ... Fayol considers that discipline is absolutely essential for smooth and orderly running of a business unit. ... Remuneration: Fayol suggests that wages paid to employees should be fair and satisfactory to both the employer and the employee. ... According to Fayol, there should be place for everything and everything should be in its place. ... According to Fayol, the incompetent employee...
- Word Count: 749
- Approx Pages: 3
- Grade Level: Undergraduate