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Management Principles

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Management Principles
Introduction
Management is a vital role of the HR department that ensures that an organization has what it takes to accomplish its goals and objectives. It comprises interrelated social and technical functions and activities that pull people and other resources together in a formal organizational setting in the effort of facilitating the achievement of these goals. Management principles refer to some strategically developed guidelines and set timelines that are used to organize staff, maintain organizational structure, delegate authorities, and establish policies and procedures in the view of implementing the vision of any organization. Henry Fayol, a Frenchman and a coal-mining engineer, developed fourteen management principles that form the basis for today’s effective organizational management. Fayol’s management principles help managers to make crucial decisions towards the accomplishment of individual and organizational objectives. Apparently, management and leadership go hand in hand in the process of running an organization. On the other hand, Stauffacher describes leadership as an interpersonal role of an individual to influence and provide purpose, direction, motivation, and support of other people in the achievement of the mission. Leadership is the most essential element of the management process. However, it is knowledge, skills and experience that culminate into a leader’s effectiveness. Therefore, the objective of this paper is to discuss Fayol’s management and Stauffacher’s leadership principles. Besides, it shows the relevance of these concepts in contemporary organizations.
Fayol’s Management Principles Fayol identified fourteen universal doctrines of management from his long experience in the industry (Anupkumar 5). Fayol derived these principles from five basic elements of management. The first element, which he...

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