Henri fayols management principle

Who is Henri fayols?

Jules Henri Fayol (1841-1925) was born in Galata, Ottoman Empire and raised in France. After graduating from the L'École Nationale Supérieure des Mines mining academy, he worked as a mining engineer for his Boigues Rambourg, eventually becoming his managing director in 1888 and saving the company from bankruptcy. By 1900, under Fayol's leadership, the company was "one of the largest producers of steel in France, he was considered an important national industry".

Fayol became known for his Administrative Theory, also known as “Fayolism,” and as the father of Modern Management.

Fayol completed his most famous works during the Classical Period of management theory, alongside contemporaries like Max Weber (known for his principles of bureaucracy) and Frederick Taylor (known for his principles of Scientific Management).

Henri Fayols 14 management principles:. 

1. Principle of Authority and Responsibility 
2. Principle of Centralization and Decentralization 
3. Principle of Division of work
4. Principle of Discipline 
5. Principle of Equity 
6. Principle of Esprit de corps
7. Principle of Initiative 
8. Principle of Order
9. Principle of Remuneration 
10. Principle of Subordination of Individual interest to General interest 
11. Principle of Stability of Tenure Personnel 
12. Principle of Scalar chain
13. Principle of Unity of command 
14. Principle of Unity Of Direction