Explain any five principles of management of Henry Fayol (CLASS XII) (OCM)

 1) Explain any five principles of management of Henry Fayol. 

Answer: Management principles are formed to guide and influence the behavior of employees The nature of management principles is given below: 

1) Universal application: The principles of management are universal in nature. That means they can be applied to all types of organizations, irrespective of their size and nature.

 2) General guidelines:Management principles provide general guidelines in tackling organizational situations wisely as well as in solving problems. They are not rigid. 

 3) Principles are formed by practice and experiments: 

The management principles are developed gradually with thorough research work. Systematic observations and experiments are conducted before developing them. 

 4) Flexibility: Management principles are flexible in nature. It means they can be changed or modified according to the situation. Managers can be flexible while implementing principles to suit the requirement. 

 5) Behavioral in nature: Management is a group activity. Management aims at achieving certain goals through a group of a human beings. Management principles are designed to influence human beings.

 6) Principle of Subordination of Individual Interest to Organisational Interest:According to this principle, the interest of an individual must be given less importance than the interest of the organization. While taking decisions in the organization the manager should always consider the interest of the whole group rather than the interest of a single employee. 

7) Principle of Centralization:Centralization refers to the concentration of powers and authorities. In some organizations, this power is vested in one hand or a few hands.