Henri Fayol was a French mining engineer and director who developed a general theory of business administration in the early 20th century. He wrote the book "Administration Industrielle et Générale" in 1916, where he shared his experiences of managing a workforce, and laid the foundation for administrative theory and the 14 Principles of Management. These principles are:
- Division of Work
- Authority and Responsibility
- Discipline
- Unity of Command
- Unity of Direction
- Subordination of Individual Interest to General Interest
- Remuneration
- Centralization
- Scalar Chain
- Order
- Equity
- Stability of Tenure of Personnel
- Initiative
- Esprit de Corps
These principles are still widely influential in making sound management decisions and bringing the best results for both the company as well as the employees. They are integral for prediction, planning, decision-making, process management, control, and coordination.
