Khushi M.

Principles of management are fundamental guidelines that help organizations achieve their goals efficiently and effectively. These principles serve as a roadmap for managers to make decisions, allocate resources, and lead their teams.

Key principles include:

• Division of labor: Breaking down tasks into smaller, specialized jobs for increased efficiency.
• Authority and responsibility: Managers have the power to give orders and the accountability for their decisions.
• Discipline: Adherence to organizational rules and procedures.
• Unity of command: Employees should receive orders from only one superior.
• Unity of direction: All activities should align with the organization's overall goals.
• Subordination of individual interest to general interest: Prioritizing organizational objectives over personal gains.
• Remuneration: Fair compensation for employees' work.
• Centralization: The degree to which decision-making power is concentrated at the top.
• Scalar chain: A clear hierarchy of authority from top to bottom.
• Order: Proper arrangement of people and materials.
• Equity: Fair and impartial treatment of employees.
• Stability of tenure: Maintaining employee morale through job security.
• Initiative: Encouraging employees to take responsibility and make suggestions.
• Esprit de corps: Fostering team spirit and harmony.