Management theory defines how managers and supervisors relate to their organizations in the process of its goals, the implementation of effective means to get the goals accomplished and how to motivate employees to perform to the highest standard to achieve company mission and vision.

Henri Fayol explored this comprehensively and, as a result, he synthesized the 14 principles of management which is used in today business.

  • Division of Work
  • Authority and Responsibility
  • Discipline
  • Unity of Command
  • Unity of Direction
  • Subordination of Individual Interest
  • Remuneration
  • The Degree of Centralization
  • Scalar Chain
  • Order
  • Equity
  • Stability of Tenure of Personnel
  •  Initiative
  • Esprit de Corps

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