Fayols Principals

Leadership and leadership management are very important factors when trying to ensure the success and flow of any operational business. There have been many contributors and theories to efficient and effective management, however Henri Fayol was a mentor who developed a general theory of business administration, and he was one of the most influential contributors to modern concepts of management. (Wikipedia).
Fayol produced 14 principles for organizational plan and efficient administration; he had based these principals on his experience while managing a mining company in hopes to help organizations achieve optimum performance while working towards their goals. These principals are listed with a brief summary of each one. I felt a chart with all the pertaining information is the best way to get the specific points across.
|Fayol Management Principals |
|Principal |Summarization of Principal |
|Principal 1 |Achieving the maximum efficiency from labour through specialization across all aspects of |
|Division of labour |organization. |
| |
|Principal 2 |Having the legitimate standing to give orders. Authority arises from two sources: official and |
|Establishment of Authority |personal. |
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Cited: Works: en.wikipedia.org/wiki/Henri_Fayol managementinnovations.wordpress.com/.../henri-fayols-14-principles-of- management/