henri fayol principles of management used in a asian paints company


INTRODUCTION

Asian Paints is India s leading paint company and Asia s second largest paint company, with a group turnover of Rs 155.34 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 19 countries and has 26 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Pai ....etc

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henri fayol principles of management applied in airtel

Introduction 14 principles of management

In the last century, organizations already had to deal with management in practice. In the early 1900s, large organizations, such as production factories, had to be managed too. At the time there were only few (external) tools, models and methods available. Thanks to scientists like Henri Fayol (1841-1925) the first foundations were laid for modern management.

These first concepts, also called principles are the underlying factors for successful m ....etc

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14 Principles of management

14 principles of management are statements that are based on a fundamental truth. These principles serve as a guideline for decision-making and management actions. They are drawn up by means of observations and analyses of events that managers encounter in practice. Henri Fayol was able to synthesize 14 principles of management after years of study, namely:

1. Division of Work

In practice, employees are specialized in different areas and they have different skills. Different levels of expertise can be distinguishe ....etc

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Principles of Management
Division of work - The division of work is the course of tasks assigned to, and completed by, a group of workers in order to increase efficiency. Division of work, which is also known as division of labour, is the breaking down of a job so as to have a number of different tasks that make up the whole. This means that for every one job, there can be any number of processes that must occur for the job to be complete.When an individual does the same job repeatedly he acquires speed and accuracy in performance. In words of ....etc

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Division of Work When employees are specialized, output can increase because they become increasingly skilled and efficient.
Authority Managers must have the authority to give orders, but they must also keep in mind that with authority comes responsibility.
Discipline Discipline must be upheld in organizations, but methods for doing so can vary.
Unity of Command Employees should have only one direct supervisor.
Unity of Direction Teams with the same objective should be working under the direction of one manager, using one plan. This wi ....etc

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