Henri Fayol created his 14 Principles of Management at the beginning of the 20th century. These Principles of Management remain just as important and effective in business today. The Order Principle of Management although only appearing 10th in the list is vital to the smooth running of any business. The Order Principle of Management focuses…
A committee organization is the core foundation of any solid business venture. It fosters collaboration between various divisions, aids efficiencies, and addresses mission-critical business matters to ensure financial sustainability. Thus, it is imperative to understand a committee organization’s core features and structure, including its advantages and disadvantages, to establish an efficient committee. Committee Organization Definition…
We all know that lack of communication can lead to disaster, and in a business sense, effective communication means time spent and reduced revenue. Henri Fayol brought in the Scalar Chain Principle as the 9th of his 14th Principles of Management, which addresses the matter of communication. Scalar Chain is the about how information should…
Companies must provide superior, cost-effective services and goods to prosper in the modern and highly competitive market. For an organization to accomplish this, it must function efficiently. It needs a multitude of superior skills and management competency. Division of works in management is an effective solution to put a robust structure in place that addresses…
An organization’s success depends on its workforce and the quality of its work. Managing an organization is no small task, and managing people and expectations is one of the most challenging and important aspects. Happy, motivated staff produce the best results. The equity principle in management is designed to drive employee satisfaction and stimulate success….
