What are Management Principles? Management, as we all know, is a discipline. It is in fact a complicated and very important discipline with multiple facets and huge scope. All fields of study, in one way or the other are governed and bound by a certain set of principles. Management is no different, and has principles … Read more
Principles of Management by Henri Fayol Henri Fayol is claimed to be the real father of modern management. He was a Frenchman born in 1841 and was working as an engineer with a mining company. He improved the condition of the company from virtual bankruptcy to high success. From his practical experience, he developed some … Read more
Centralization and Decentralization Considerable debate has taken place over the years over the issue of ‘centralization’ that means that the authority for most decisions is concentrated at the top of the managerial hierarchy versus ‘decentralization’ that requires such authority to be dispersed by extension and delegation throughout all levels of management. There are advantages as … Read more
