A new way to Fayolism 

  Henri Fayol (Istanbul, 29 July 1841 – Paris, 19 November 1925) was a Frenchmining engineer and director of mines who developed a general theory of business administration that is often called Fayolism.[1] He and his colleagues developed this theory independently of scientific managementbut roughly contemporaneously. Like his contemporary, Frederick Winslow Taylor, he is widely acknowledged as a founder of modern management methods.

Henry Fayol esthablished 14 Principles of Modern Management which was 

DADUUSSSEEEFOI” or FAYOL14

The 14 principles were…..

  1. Discipline 
  2. Authorities & responsibilities 
  3. Division of Labor
  4. Unity of Command 
  5. Unity of Direction 
  6. Scalar Chain
  7. Subordination of Demand
  8. Stability in Wages
  9. Equality 
  10. Esprit de Corps 
  11. Effective Centralization 
  12. Fair Remenurations
  13. Order
  14. Incentives
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s