Principles of Management ?

Henry Fayol, a frech industrialist, offered fourteen principles of management for the first time in 1916. During the period of 1920-40 in the U.S. many authors did hard work in developing and testing various principles of management. Today, there is a very lengthly list of management principles and

HI,short form: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. Therefore, management principles are the statements of fundamental truth based on logic which provide

There are 14 principles of management namely : Division of work, Authority, Discipline,Unity of command, Unity of direction, Subordination, Remuneration, Centralization, Scalar chain, Order, Equity, Stability of tenure of individual, Initiative, Esprit de corps.These were given by Henri Fayol.

Principles of Management is the act of planning, directing,organizing and controlling to achieve organization goals.