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From the statements given below, identify and briefly explain each principle of management by Henri Fayol. A place for everything and everything in its place Absence of nepotism and favouritism. - Commerce

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Question

From the statements given below, identify and briefly explain each principle of management by Henri Fayol.

  1. A place for everything and everything in its place
  2. Absence of nepotism and favouritism.
Answer in Brief

Solution

The principles of management by Henri Fayol are guidelines that help managers effectively carry out their managerial responsibilities.

Let's analyse the two statements provided:

  1. "A place for everything and everything in its place": This sentence embodies Fayol's notion of "Order". The notion of order promotes efficient resource and personnel management. Every aspect in an organisation, including physical resources, documentation, and personnel roles and duties, should have a clear purpose and location. The notion of order strives to improve efficiency, decrease confusion, and promote smoother workflows through proper organisation and arrangement of items.
  2. "Absence of nepotism and favouritism": This remark corresponds with Fayol's notion of "Equity." Equity promotes fair treatment of employees without bias or discrimination. Fayol thought that managers should avoid favouritism, nepotism, and unfavourable judgements and behaviours. Instead, employers should treat all employees fairly, based on their abilities and performance. Promoting equity can create a good work atmosphere, increase employee morale, and strengthen team cohesion.
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