class 12 business studies Principal of management notes
Principle of management. . ... Short & Easy Notes for B oard Exam #1. Write the Fayol's principles of management. > Henry Fayol's was born in France in 1841. He became famous as father of Management. He gave 14 principles of management. i. Principle of division of work - The intent of division of work is to produce more and better work for the same effort. Specialisation is the most efficient way to use human efforts. ii. Principle of authority and responsibility - Authority means power to take decision and give order on the other hand responsibility means obligation to complete the job. It helps in achieving the large without any delay and reduce the abuse of power. iii. Principle of discipline - It refer to general rules and regulations for systematic working in the organisation. It improve efficiency and better labour management relation. iv. Principle of unity of command - According to this principle, a subo...