This week in class

• Various principles given by Fayol was discussed in the class.
• Comparison between Taylor and Fayol.
• Business enviornment meaning and features were discussed in the class.

This week in class

• Principles of management by Henry Fayol was introduced.
• Following principles was discussed with the students:
• Division of work
• Authority & Responsibility
• Discipline
• Unity of command
• Unity of Direction
• Subordination of individual interest to General interest
• Centralisation and Decentralisation
• Scaler Chain.

This week in class

• Topic: Principles of Management-Concept and significance was introduced in the class.
• Meaning of principles of management was discussed along with its comparison with principles of pure science,techniques of management and values.
• Feature of management with its significance was discussed using various examples from daily life.
• Principles of scientific management given by F.W. Taylor was also discussed in the class.