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What is Fayol about?

Henry Fayol developed 14 principles of management in the early 20th century that are still widely accepted today. The principles include division of work, authority and responsibility, discipline, unity of command, subordination of individual interests to general interests, fair compensation, centralization, scalar chain of command, order, equity, initiative, stability of tenure, and esprit de corps. Fayol is considered the founder of modern management principles and theories.

Author

Ankita Bhardwaj

Language

EN