MANAGEMENT AND STEWARDSHIP

The book deals with Fayol’s 14 Principles of Management and how to affect those principles when managing an organization also the important factors and strategies of management can be identified. Every business organizations are thriving to gain sustainable competitive advantages over their rivals. For this purpose managers together with directors have a special responsibility to ensure the long term success of the organizations. Management, as we know, has to make productive the values, aspirations, and traditions of individuals, community, and society for a common productive purpose. When considering about Fayol’s 14 Principles of Management, there were about 14priciples can be identified. Three principles-division of work, authority and discipline deal with behaviour that is essentially need to work in good manner. Three others - unity of Command, unity of direction and subordination’s interest deal with aims and targets to be performed by the manager. Other remaining some principles are centralization, order and equity cover the controlling and considering activities of the manager.