Stability of Tenure of Personnel: Staff work is well if job safety and career improvement are guaranteed to the team.Equity: In running a business, a combination of kindness and justice needs.Order: people and materials should be in the right place at the right time.Scalar Chain: The line of authority from top management to the lower ranks represents the hierarchy or scalar chain.Centralization: The process of transforming assigning decision-making authority to a higher level of an organizational hierarchy it is the centralization that should follow this.Remuneration of Personnel: The laborers must be paid a reasonable salary for their work.Subordination of Individual Interests to the General Interest: The management must see that its aims are always supreme.Unity of Direction: Each group of the organization should be directed by one manager using one plan.Unity of Command: Every employee should receive order or direction from only one upward or superior.Discipline: Employees must obey and respect the rules and regulations which govern the organization.Authority: Manager must be able to give the order.Division of Work: This principle is the same as Adam Smith’s ‘division of labor.’.
His Administrative Theory or 14 principles of management following are: Henri Fayol created Administrative Theory or 14 principles of management on the management. Fayol's 5 Management Functions Administrative Theory (14 Principles of Management):
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