Management Principles, Part 1

Henri Fayol, a pioneer in management theory, outlined some timeless principles that still hold up today. He basically said that for any organization to run smoothly, there are some basic rules (principles) to follow – and in this video we talk about the first 7 of his ideas. These seven primarily focus on the structure and practices within an organization. They address fundamental aspects like division of work, authority, discipline, unity of command, unity of direction, subordination of individual interest to general interest, and remuneration.