What are Fayol’s 14 principles of management?
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NOTE to READERS: A successful social enterprise business model has two essential tasks, produce a solution to a targeted social problem and sell it.
Fayol’s 14 principles of management can assist the social entrepreneur to develop a successful social enterprise.
“Henri Fayol, a French engineer, developed 14 principles of management in the early 20th century. The principles aim to give managers a set of values to emphasize in a workplace to achieve better and more efficient results. Here are Fayol’s 14 principles of management along with their functions in the workplace.
Core Operational Principles
Division of Work: Breaking tasks into smaller, specialized parts to boost productivity.
Authority and Responsibility: Giving managers power to give orders paired with accountability for results.
Discipline: Requiring workers to obey rules and respect workplace agreements.
Unity of Command: Ensuring each worker takes orders from only one direct boss.
Unity of Direction: Aligning teams working on similar goals behind one unified plan and leader.
Organization and People
Subordination of Individual Interest: Putting company goals ahead of personal agendas.
Remuneration: Providing fair financial and non-financial pay for employee labor.
Centralization: Balancing decision-making power at the top with delegation down the line.
Scalar Chain: Maintaining a clear, unbroken line of communication from top management down to lower ranks.
Order: Keeping a designated, organized place for every material and person. [1, 2, 3]
Culture and Growth
Equity: Treating all team members fairly, kindly, and justly.
Stability of Tenure: Reducing staff turnover and offering job security to build loyalty and skill.
Initiative: Permitting workers to create and carry out improvement plans freely.
Esprit de Corps: Building strong team spirit, morale, and unity among coworkers
N.B. For a fuller description of the 14 principles click on the link below.
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