The Principles of Management act as a road map for managerial decisions and activities. After years of research, Henri Fayol was able to compile a list of 14 management principles.
The 14 Principles of Management of Henri Fayol are Division of Work, Unity of Command, Unity of Direction, Discipline, Subordination of Individual Interest, Remuneration, Order, Authority and Responsibility, The Degree of Centralization, Scalar Chain, Initiative, Equity, Stability of Tenure of Personnel, Esprit de Corps.
Forecasting, planning, process management, organization management, numerous project management methodologies, decision-making, coordination, and control are all tasks that can be accomplished using the 14 management concepts.
Many of these issues, despite being evident, are nevertheless employed in common sense-based management techniques in firms today. It is still a useful list of areas of emphasis based on Henri Fayol's study, which is still relevant today because of a few logical precepts.
Learn more about Principles of management here
https://brainly.com/question/28072798
#SPJ9