what is principal of management
Answer (1)
Student Expert
25th Jul, 2019
In the corporate world, management has a very crucial role to play. We have a proper chain of command which can only function if there is an efficient management in place. The early scholars foresaw this need and came up with the principles of management. These principles are like basic guidelines for managers. Henri Fayol’s 14 principles of Management also segregated the function of management into five distinct roles, these roles help understand management better. They are as under:
- Forecasting and Planning
- Organizing
- Commanding, Leading
- Coordinating
- Controlling
Each of this role requires a distinct feature. The management ought to have people who can execute these roles efficiently in order to run the organization smoothly.
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