1. PRINCIPLES OF MANAGEMENT
PRINCIPLES ARE THE STATEMENTS OF FACTS WHICH PROVIDE GUIDANCE TO ATTAIN THE GOAL OF THE ORGANISATION

2. NATURE OF PRINCIPLES OF MANAGEMENT
UNIVERSAL APPLICABILITY
FLEXIBILITY

3. GENERAL GUIDELINES
BEHAVIOURAL IN NATURE
FORMED BY EXPERIMENTS ON HUMAN BEHAVIOUR

4. IMPORTANCE OF PRINCIPLES OF MANAGEMENT
EFFECTIVE ADMINISTRATION
PROVIDING INSIGHT TO MANAGERS
MEETING CHANGING BUSINESS ENVIRONMENT
OPTIMUM UTILISATION OF RESOURCES
SCIENTIFIC MANAGEMENT

6. UNITY OF COMMAND
ALL THE ORDERS ARE TO BE GIVEN BY ONLY ONE BOSS,WHICH RESULT IN COMPLETION OF WORK
IF COMMAND WILL BE GIVEN BY MORE THAN ONE BOSS ,CREATES CONFUSION & CHAOS AND RESULTS IN INCOMPLETION OF THE WORK

7. SCALAR CHAIN
SYSTEMATIC CHANNEL SHOULD BE FOLLOWED FROM THE TOP MANAGEMENT FOR PASSING INSTRUCTONS & FOR AS WELL AS SUGGESTIONS AND PROBLEMS BY THE LOWER LEVEL MANAGEMENT BUT FAYOL INSISTED THAT A SHORT CUT NAMED AS GANG PLANK DEVICED TO COMMUNICATE AMONG THA SAME LEVEL IN CASE OF EMERGENCY

8. EQUITY PARITY OF AUTHORITY & RESPONSIBILITY
ALL SUPERIORS & SUBORDINATES ARE EQUAL FOR THE MANAGEMENTT.NO BIASED BEHAVIOUR SHOULD BE ADOPTED ON THE BASIS OF THEIR CASTE .CLASS, COLOUR, CREED & JOB POSITIONTO BE TREATED EQUALLY
PARITY OF AUTHORITY & RESPONSIBILITY
A BALANCE TO BE MAINTAINED IN GRANTING AUTHORITY & GIVING RESPONSIBILITY
IF AUTHORITY > RESPONSIBILITY THEN MISUSE OF AUTHORITY
IF RESPONSIBILITY >AUTHORITY THEN OVERBURDEN WITH RESPOSIBILITY

9. DISCIPLINE INITIATIVE
RULES,PENALTIES ARE EQUALLY IMPLICABLE FOR ALL THE EMPLOYEES IRRESPECTIVE AF THEIR JOB POSITIONS
INITIATIVE
OPPORTUNITIES SHOULD BE GIVEN TO ALL THE EMPLOYEES TO BE THE PART OF PLANNING & EXECUTION

10. ESPIRIT DE CORPS
IT MEANS UNITY IS STRENGTH ,ALL EMPLOYEES SHOULD FEEL THAT THEY ARE THE PART OF THE TEAM
SUBORDINATION OF INDIVIDUAL INTEREST TO GROUP INTEREST
THE INTEREST OF THE ORGANISATION SHOULD SUPERSEDE THE INDIVIDUAL INTEREST

11. STABILITY OF TENURE OF PERSONNEL
EMPLOYEES SHOULD BE GIVEN JOB SECURITY THEN ONLY THEY CAN CONTRIBUTE TO THEIR MAXIMUM IN THE ORGANISATION
UNITY OF DIRECTION
ALL THE EMPLOYEES SHOULD BE DIRECTED TOWARDS ANE COMMON GOAL & WORK IN ONE DIRECTION

12. DIVISION OF WORK
ALLOCATION OF EACH SMALL PART OF WORK TO THE EMPLOYEES AS PER THEIR INTEREST & EXPERIENCE, THAT LEADS TO SPECIALISATION
ORDER
ORDERLY ARRANGEMENT OF MEN ,MATERIAL & MACHINE AT A FIXED PLACE

13. FAIR REMUNERATION
REMUNERATION PAID TO AN EMPLOYEE SHOULD BE FAIR & JUST .
FAIR WAGES GIVE SATISFACTION TO THE EMPLOYEES,WHICH ARE DECIDED IN ACCORDANCE TO THE MINIMUM WAGES ACT ,FINANCIAL CAPACITY OF THE CONCERN & AMOUNT PAID BY THE COMPETITORS

14. CENTRALISATION & DECENTRALISATION
WHEN DECISION MAKING AUTHORITY LIES WITHIN FEW HANDS , ie CENTRALISATION
WHEN DECISION MAKING AUTHORITY IS SHARED AT DIFFERENT LEVELS , ie DECENTRALISATION