Business On Your Tips

Hey! Reader, a very good morning. In this blog post, I'll be explaining the principles which were framed by sir Henri Fayol, So in this part, we will continue the last blog post and will be discussing remaining principles of Sir Henri Fayol. So without wasting any more time, let's get started. Subordination Of Individual Intrest to General Intrest This principle states that the interest of an organisation should take priority over any other port individual's employes interest. Every worker has some individual interest in the organisation. For Instance, Every worker in an organisation wants to get the highest salary with the least work. On the other hand, the company would want to get the maximum output with a competitive salary. Hence Individual's interest should never supersede the general interest. Remuneration Of Employees According to this principle, overall pay and compensation of an employee should be fair to the employee as well as organisatio

Hey!  Reader, a very good morning. In this blog post, I'll be explaining principles framed by sir Henri Fayol. These principles are very useful in running of any business organisation. Principles of sir Henri Fayol don't guarantee the success of the firm, but the application of these principles may lead to efficiency and upliftment of confusion in an organisation. Without wasting any more time, let's get started. {} Principles By Henri Fayol Division of Work This is the first, and one of the most crucial principles of Fayol, According to this principle work should be divided into small manageable and feasible tasks. A competent who is eligible should be hired. Hiring qualified employ will lead to specialisation, and the speciality will result in inefficiency in the organisation. Authority And Responsibility Authority - It refers to the power of giving orders and maintain obedience Responsibility -  It refers to complete the assigned task. Accordi

Very good morning to you guys. In this blog post, We are starting a new chapter of business studies class 12th named as principles of management. I've completed 2 chapters on my blog; you may check them out for increasing your conceptual knowledge. So without wasting time, let's get started. Nature/Characteristic/Features of Principles of Management General Guidelines The principles of management are Guidelines to action but do not provide readymade, straitjacket solution to all managerial problems. This is because real business situations are very complex and dynamic in nature and are the results of many factors. For example, In dealing with a case of conflict between 2 departments, a manager may emphasise the primacy of overall goals of an organisation. Universal Applicability Principles of management principles that the principles of management apply to all type of organisations, business as well as non-business firms, small as well as large