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 


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

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