Fourteen Fundamental Rules of Management
Learning to Treat Management and Administration as a Process
By John Galt, published Sep 13, 2007
Published Content: 364 Total Views: 160,050 Favorited By: 7 CPs
Some who have studied economy may have heard the name of Henri Fayol, a French economist with revolutionary ideas regarding the way that a manger or any part of an administration should be trained. His ideas were both simple and effective, although they seem to have fallen by the wayside in contemporary business. Of course, effective management and administration is one of (if not the) most important part of any business or venture, and by applying these fourteen principles, one can become a much more effective manager, and a much more essential member of any team or company.
The first rule of management is often known simply as "division of work". Meaning that managers should make it their job to ensure that employees focus on and specialize in one particular area of expertise. Creating a division of work has several signifigant benefits for a company. Mainly, less time is wasted on cross training employees to handle different jobs, and employees will become far more efficient and effective at their specialized jobs than they would being shuffled around to different stations or responsibilities.
Fourteen Fundamental Rules of Management
An effective manager is one of the most important components of any business.
Credit: Ally Furniture
Copyright: Ally Furniture
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Takeaways
- The most effective technique for management
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Did You Know?
Henri Fayol, the creator of the fourteen points, turned his first company from a struggling venture into a massively profitable corporation.
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