The Foundations of Management (Part 4)

 14 Gems of Management

1. Division of work.
2. Authority and responsibility.
3. Discipline.
4. Unity in command.
5. Unity in Direction.
6. Subordination of interest.
7. Renumeration.
   
   
   
8. Centralization.
9. Scalar chain - Line of command which runs from top level to lowest level in the organisation.
10. Order - There should be a place for everything and everything be in place. Again there must be a place for everyone and everyone must be in his / her place.
11. Equity - King of common man so the king of equity.
12. Stability in tenure.
13. Initiative.
14. espirit de-corp - First I must do and then tell to others.