What is Initiative Principle? The initiative principle of management emphasizes the importance of empowering employees to take independent action and contribute their ideas to the planning process. It recognizes that employees are more motivated and engaged when they have the freedom to use their skills and creativity to achieve organizational goals. According to this principle, … Read more
What is Stability of Tenure Principle? The principle of stability of tenure of personnel, developed by Henri Fayol, emphasizes the importance of job security and continuity in an organization. This principle suggests that employees should be provided with stability in their positions, minimizing frequent changes and turnover. Stability of tenure means that once an employee … Read more
What is Equity Principle? The equity principle in management emphasizes treating employees with fairness, kindness, and respect, regardless of their designation, age, gender, or other characteristics. It promotes creating an environment free from biases and inequality, where all employees are equally valued and treated justly. This principle recognizes that when employees are treated equally, they … Read more
What is Order Principle? The principle of order in management emphasizes the importance of having everything in the right place within an organization. This principle applies to both physical resources, such as materials and machines, as well as the placement of employees. By maintaining proper order, managers can reduce the wastage of time and resources, … Read more
What is Scalar Chain? The scalar chain principle of management emphasizes the importance of establishing a clear and unbroken line of authority and communication within an organization. It means that employees should know who their supervisors are and follow a defined path for communication. This principle ensures that information flows smoothly from top-level management to … Read more
Centralization and Decentralization Principle: Centralization and decentralization are contrasting principles of management that determine the concentration or distribution of decision-making authority within an organization. Centralization involves consolidating decision-making power in the hands of a few individuals or a central authority. The top management retains the authority to make important decisions, while lower levels are responsible … Read more