Fayol's 14 principles for running a business

Today we will present you the Fayo's 14 Principlesl, so you can run your company in the right way, so stay with us, to find out what you have to do. It will be interesing!

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Fayol's 14 Principles

Henri Fayol was a French author, engineer and mining executive, well known for his contribution to business administration, he is a very important person when it comes to talking about the principles of administration, he is so important that he is even credited with "Fayolism" to his ideology in the administration itself.

What are Fayol's 14 principles?

Thanks to his experience in business administration, he determined the Fayol's 14 Principles, as the core of his ideology of classical management theory. They are the following:

Division of labour

This is based on the idea that each person is special in a specific field of work, and that if this information is known and intelligently distributed to the staff, it would exponentially increase the capacity, performance, and quality of work of each employee of the company. .

authority and responsibility

It explains itself a bit, but in a few words, this law refers mainly to the fact that there should be a person, a group, or a type of superior authority, which has to be the one that issues the orders and manages the direction of work, to avoid clutter.

Discipline in Fayol's 14 principles

Obviously, without a group of responsible people showing up to work, not much progress can be made in a company or on a project, so one of the Fayo's 14 PrinciplesHe determines as fundamental the responsibility and obedience, on the part of the employees towards the authorities.

command unit

This is based on the fact that all employees must always be informed about the activity to be carried out, each employee must receive orders from a single superior, in order to be efficient in the work to be carried out.

Steering unit

It is essential to have a direction, without direction, there is no focus, and without focus there is no work. The need to have a well visualized direction in advance makes it much easier to strive to reach a common goal. Planning and coordination is important, in order to agree on tasks to be carried out in the future.

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Individual interest to the general

One of the Fayol's 14 Principles, is that the interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole, and it makes sense, because otherwise it would simply lack order and direction, especially if there are more number of people working for the project.

Remuneration; one of Fayol's 14 principles

It is very important to have a payment corresponding to the work done, since the company's ability to meet the salaries of all its workers, in an assured manner, must be taken into account.

While at the same time, it must also be ensured that the work of the employees corresponds to what is being given to them. This greatly helps the employee's interest in doing a good job, to get a good salary.

Centralization and Decentralization

Although something was previously mentioned in this regard, it is undeniable that the demands of the workers in a company have to be listened to to a certain extent.

Although more than that, one of the Fayol's 14 Principles; it is the fact that there is a degree of order between what the employees want and what the authority wants, since they are coexisting organisms, one needs the other to achieve the common goal of both.

Hierarchy

It refers to the need to have ranks that distinguish the different categories of workers in the company, from the absolute authority or founders, to the workers, who are the ones who do the hard or arduous work, who generally tend to have the least of wages, if we compare it with the other workers in the company.

Medals

Each employee has to be assigned to an activity in which they perform well, and just as each worker has to have a specific position, they also have to have the right tools to do the work that is needed of them.

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Equity

Although there is a hierarchy ladder, under no circumstances can any employee be treated better or worse than the others. There always has to be equality between the entire work area, so that there are no future problems, nor so that there is exploitation, as well as humiliation, resentment, and toxic competition among employees.

Stability

There must be a lot of order according to the traffic of the personnel, you always have to be aware of what the workers' shifts are and when they are going to change. Having a lot of flow of workers ends up being counterproductive, it is extra work that is completely unnecessary.

Initiative as one of Fayol's 14 principles

You always have to find a way to maintain a balance between freedom of expression and labor rigidity. The employee who can carry out his work in an original way, and pleasant for him or her, will finish that work faster, more efficiently, and there will be interest, initiative, and a lot of effort on his or her part, to continue working in an environment that suits him or her. favor, to make your work more pleasant.

Esprit de corps

Promoting the image of a company, even being able to go to the points of intertwining it with family, can be a positive area, the idea is that workers have to be aware that it is a work environment in which everyone helps each other to be able to achieve a greater good.

Importance of Fayol's 14 principles

It is very important that everyone has the spirit to work as a team and have the best disposition so that everything works well within the company, let us remember that depending on the excellent relationship that is managed, there will be a better performance in the employees, who will feel I like working there.

If you want to have a clearer idea about how companies work, then you should visit this impressive article: Economic factors.

Thank you very much for reading the article, if you are interested in knowing more about the Fayol's 14 Principles, we cordially invite you to watch the video that we leave you here below, to obtain all the extra information you can.


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