Question

Explain any four principles of management of Henry Fayol.

Hint:

Management principles, consumer responsibilities, and marketing functions are interconnected—understanding them helps build responsible businesses and informed consumers.

Answer 1

Henry Fayol, regarded as the father of administrative management, proposed 14 principles of management. Four of them are:
Division of Work: Specialization improves efficiency and productivity by assigning specific tasks to individuals according to their skills.
Authority and Responsibility: Authority must be balanced with responsibility; managers should have the right to give orders, but they must also be accountable for results.
Discipline: Employees must respect rules, agreements, and procedures. Discipline promotes harmony and smooth functioning in the organization.
Unity of Command: An employee should receive orders from only one superior to avoid confusion and conflicts.