Leading the emerging academic field was Henry Fayol who is credited as one of the chief architects of modern management theories practiced today. By drawing up the 14 principles of management, he lay the founding blocks for how organizations are run today.
Principles of Management #1 – Division of Work
Each employee is good at something. Find out what it is and then give them work that fits their capabilities. Whether it’s because of your skills, qualifications or interest, working on something you’re inherently good at increases productivity and output.
Principles of Management #2 – Authority and Responsibility
As a leader, you need to take responsibility for your actions. When employees know that even the manager can be held accountable, they are more likely to follow the rules and genuinely fulfill their duties.
Principles of Management #3 – Discipline
Managers shouldn’t let employees get away with shortcuts and bad behavior. The same applies to managers themselves. Enforce rules and earn respect by setting an example.
Principles of Management #4 – Unit of Command
One of the worst things an organization can do is have an employee report to more than one manager. It wastes time and leads to a loss in productivity. Before hiring an individual, establish who will be directly managing them.
Principles of Management #5 – Unity of Direction
Everybody in a team should be on the same page. Set clear goals for the company, and make sure everybody understands the direction that will get them there.
Principles of Management #6 – Subordination of Individual Interest
Take a step back and look at the big picture. It’s easy for managers and their employees to lose focus of what the company is trying to achieve in the midst of the hustle and bustle of everyday tasks.
Principles of Management #7 – Remuneration
Nothing motivates people more than a reward. Whether it’s monetary, “employee of the month” or a trip to Hawaii, people like to be recognized for their hard work. Reward top performers to motivate the workforce.