Principles of management is a broad and general guideline for managerial decision making and behavior of employees towards organization.The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to Henri Fayol  there are 14 'Principles of Management'.

• Division of Work
• Authority and Responsibility
• Unity of command
• Unity of Direction
• Remuneration
• Subordination of Individual Interest to Mutual Interest
• The degree of centralization
• Line of Authority/Scalar Chain
• Order
• Equity
• Initiative
• Stability of Tenure of Personnel
• Esprit de Corps/Team Spirit

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