MGT-503
14 Principles of Management - Henri Fayol
Fayol was the first to identify the four functions of management: planning, organizing, directing, and controlling, as known today.
His original definition of management comprised of five elements: forecast & plan, organise, command, coordinate, and control.
His 14 principles are:
1-Division of work -
specialisation provides the individual to build up experience, continuous improvement in skills, and thereby be more productive.
