This video will help you very easily remember all the 14 principles of management given by Henri Fayol. The video is very descriptive and interactive! It can also be used to make notes for this particular topic! Amazing reading experience http://amzn.to/2G1Ndqv Worth a Buy! Find the link below to buy books relevant to this topic - http://amzn.to/2F6MLa1 http://amzn.to/2F7Ta4S http://amzn.to/2F7sCVt Video made on http://amzn.to/2FW0XmH http://amzn.to/2GaXT9B
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Henri Fayol's Classical Management Theory, offers 14 principles of management, 5 functions of management, and 6 activities of industry. Henri Fayol's (sometimes spelled Henry) management approach is also sometimes called Fayolism or the theory of administrative management. His book (1949) is called General and Industrial Management (Affiliate Link): https://www.amazon.com/gp/product/1614274592/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1614274592&linkId=eff45168ce42a97056a8d4aa6105e63f Alex's Book: https://www.amazon.com/gp/product/1433131234/ref=as_li_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1433131234&linkId=6bfd9c333c786d16025c5a7c70a3ef4c The Organizational Communication Channel provides supplemental lessons for traditional, hybrid, and 100% online courses for students and teachers everywhere. My Current Camera Gear (Affiliate Links): Camera Rebel T5i https://www.amazon.com/gp/product/B00BW6LWO4/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00BW6LWO4&linkId=504e12f13100f143d4df4e79731f206a Lens Canon 50mm: https://www.amazon.com/gp/product/B00X8MRBCW/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00X8MRBCW&linkId=b0bfb7ea7439df39e744bfd303c53fee USB Microphone Blue Yeti: https://www.amazon.com/gp/product/B002VA464S/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B002VA464S&linkId=a9d8b41ead5eb30f69342be95d3a3d22 Lavalier Microphone Rode Smartlav+: https://www.amazon.com/gp/product/B00EO4A7L0/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00EO4A7L0&linkId=c29c80d531374d347f8a78498b34d05d Audio Recorder: Tascam DR-05: https://www.amazon.com/gp/product/B004OU2IQG/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B004OU2IQG&linkId=578b149b5807f2ec0f7f16c18e1c34f4
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Business 101 - Principles of Management #10 Henri Fayol's Management Principles: Managing Departmental Task Organization Free Notes: https://www.dropbox.com/sh/w7t41w420d2uuex/AAC42pW6GlkRRqEeKHcnDr0pa?dl=0 Fayol's 14 Principles of Management serve the organization as a whole. By dividing the work into specialized and specific jobs, workers are able to work more efficiently. Small management units who oversee functional areas of the organization are now able to assign work and hold workers accountable for their production. This makes it easier to measure productivity. Once a system of accountability is in place and productivity can be monitored, it is easier to determine who is performing and who is not performing. Managers are able to selectively and individually discipline workers who fall short of goals quickly and in the correct measure. Having just one manager assigned to a team takes away any task confusion. ----------------------------------------------------------------------------------- Presented by: Soumy Nayak | Forever Suspicious Copyrights by: Study.com
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Principles of Management is very important chapter in business studies as one question is must in final exams. In this video I explain all the 14 principles of Management which are provided by henri Fayol. link for other videos. chapter 1 . 1st part ; https://youtu.be/72i1zYf9t2E 2nd part ; https://youtu.be/mWtwSKC5Gnc 3rd part ; https://youtu.be/9w7twciKizc I hope this video will help you to understand the principles of Management. Thanks. JOLLY Coaching laptop;. https://amzn.to/2BKMiNB Principles of Management Principles of Management in Hindi Chapter 2 business studies Business studies in Hindi Chapter 2 of business studies Business studies chapter 2 in Hindi In Hindi chapter 2 of business studies Principles of Management in Hindi Chapter 2 principles of Management Chapter 2 principles of Management in Hindi In Hindi principles of Management Principles of Management in Hindi 12th class business studies Business Studies for 12th class 12th class 12th class commerce 12th class commerce in Hindi In Hindi class 12th commerce Commerce subjects Business studies chapter 2 Chapter 2 business studies Business Studies in Hindi Principles of Management in Urdu Principles of Management business studies Principles of Management business studies in Hindi In Hindi business studies principles of Management Principles of Management Management principles in Hindi Management principles Principles of Management in Hindi for 12th class 12th class business studies all topics All topics of business studies in Hindi In Hindi topics of business studies Business studies for 12th class Management principles What are the principles of Management Explain principles of Management Explain principles of Management in Hindi What are the principles of Management What are the 14 principles of Management What are the 14 principles of Management in Hindi In Hindi explain the principles of Management Expalin 14 principles of Management 14 principles of Management 14 principles of Management in Hindi Fayol principles of Management 14 principles of Management by Fayol Fayol's principles of Management 14 principles of Management by Fayol Fayol's 14 principles of Management 14 principles of Management in Hindi Fayol's 14 principles of Management in Hindi In Hindi fayol's 14 principles of Management Management principles by Fayol 14 Management principles by Fayol Fayol's principles of Management in Hindi Principles of Management with example Example for 14 principles of Management Example of principles of Management Management principles in Hindi Principles of Management by henri Fayol Principles of Management of henri Fayol in Hindi In hindi principles of Management by henri Fayol management principles for class 12 class12 management principles management principles for class 12 cbse cbse class 12 management of principles principles of management class 12 cbse learning principles of management management principles for class 12th 12th class management principles principles of management bba 1st sem principles of management class 12 in hindi principles of management class 12 in hindi principles of management class 12 in hindi principles of management class 12 in english principles of management class 12 business studies business studies chapter 2 class 12 commerce baba business studies chapter 2 class 12th business studies chapter 2 in hindi principles of management by hanri fayol principles of management principles of management division of work authority and responsibility disciplin unity of commond unity of direction order initiative espirit de corp stability of personal principle sof management definition basics principles of management principles of management pdf principles of management textbook principles of management notes explanation of 14 principles of management explanation of 14 principles of management by henri fayol explanation of 14 principles of management by henri fayol with examples principles of management ppt
Views: 12917 JOLLY Coaching
Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 This video covers Henri Fayol's 14 Principles of Management. Widely accepted and followed today, Fayol's 14 Principles of Management establish a general outline for executives on how to engage in effective management.
Views: 99917 Alanis Business Academy
Classical Management Theory, broadly speaking, is based upon Henri Fayol, Frederick Taylor, and Max Weber's overlapping management theories. These three management theories came together to form what we generally refer to nowadays as Classical Management Theory. Virtually all areas of organizational studies from management, to business, to organizational communication put these three theorists at the foundation of most modern day organizations for developing theories of 1) Administrative science, 2) Scientific Management, and 3) Bureaucracy. Taken together, they form the basis for how we organizational structures and relationships between managers and employes. https://www.amazon.com/gp/product/1433131234/ref=as_li_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1433131234&linkId=6bfd9c333c786d16025c5a7c70a3ef4c The Organizational Communication Channel provides supplemental lessons for traditional, hybrid, and 100% online courses for students and teachers everywhere. My Current Camera Gear (Affiliate Links): Camera Rebel T5i https://www.amazon.com/gp/product/B00BW6LWO4/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00BW6LWO4&linkId=504e12f13100f143d4df4e79731f206a Lens Canon 50mm: https://www.amazon.com/gp/product/B00X8MRBCW/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00X8MRBCW&linkId=b0bfb7ea7439df39e744bfd303c53fee USB Microphone Blue Yeti: https://www.amazon.com/gp/product/B002VA464S/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B002VA464S&linkId=a9d8b41ead5eb30f69342be95d3a3d22 Lavalier Microphone Rode Smartlav+: https://www.amazon.com/gp/product/B00EO4A7L0/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00EO4A7L0&linkId=c29c80d531374d347f8a78498b34d05d Audio Recorder: Tascam DR-05: https://www.amazon.com/gp/product/B004OU2IQG/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=alexlyon-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B004OU2IQG&linkId=578b149b5807f2ec0f7f16c18e1c34f4
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In this video I have try to explained Henry Fayol's Contribution to management. His contribution can be summarised into FOUR parts:- He categorised all business activities. He evaluated managerial qualities necessary for a manager. He suggested fourteen major principles of management. He identified the functions of management. Pictures Credit:https://goo.gl/fV6xsT https://goo.gl/Ja1NBH https://goo.gl/4RjoQt https://goo.gl/bqeDSL https://goo.gl/jenirP https://goo.gl/0i4az9 https://goo.gl/eaAH2Z https://goo.gl/2tF5Be https://goo.gl/wqDyaF https://goo.gl/P1FJVA https://goo.gl/oWBWPJ I hope you guys like the video! Thank you! Like , Share , Subscribe. Youtube: https://goo.gl/PQzxwb Facebook: https://goo.gl/8ZXaVE Facebook Myself (Niraj Pandey) : https://goo.gl/MALwou Instagram: http://instagram.com/study.commerce007 Website: http://studycommercechannel.weebly.com Telegram: http://t.me/studycommerce About: Study Commerce is a YouTube Channel, where you will find videos on the subjects of Commerce in Hindi. New video is Posted on every Saturday at 7 P.M. :)
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Class XII project on fayol principles applied in CCD Please do subscribe, like and share the video!!!
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This video covers Administrative Management by Henri Fayol perspective. It discusses topics like functions of management, managerial qualities and 14 principles of management given by Henri Fayol. This tutorial will be helpful for management students and this powerpoint presentation has sufficient content to prepare notes. To watch a detailed video on 14 principles of management by Henri Fayol and to learn it easily, click on the link below - https://youtu.be/RIozYN_rhkA
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Easiest way to remember 14 principles of management by Henri Fayol Std.12 Commerce, Organization of Commerce
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Principle of management , Henri Fayol, Chapter -2 class 12 , short trick to learn Fayol principle, Chapter 2 business 12th class, 14principles of management, Principles of management, Management, business, business studies.
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how to memorized 14 principle of management for part 2 https://youtu.be/Er_onFUBHns
Views: 24140 Vijay Tips
Hello..... Friends This Channel Provide You Brief Description On Theorem Of Commerce By Shweta Soni In This Video I m Describing The Theorem of "Class12Th" "Business Study" The Book I used In this Video Is 12th NCERT "Business Study" Please Like, Subscribe & Share My Video, & Share Your Experience In Comment Section. - CBSE Class XII Business Studies Lots of Love & Take Care Nature of principles of Management Fayol's Principles of Management | Part 1| class 12th | Business Studies I chapter 2 |हिंदी |
Views: 4228 SCOREHIGH COMMERCE
This video will helps you to understand all 14 principles of Management introduced by Henri fayol. Watch full video to clarify all the fourteen principles of Management. It will be valuable to solve the case studies related to this concept.
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After watching this video you will be able to understand the following contents :- 14 Principles of Management 1.Division of Work 2.Authority of Work 3.Discipline 4.Unity of Command 5.Unity of Direction 6.Subordinate of individual Interest 7.Remuneration of Employees 8.Centralisation and Decentralisation 9.Scalar Chain 10.Order 11.Equity 12.Stability of Tenure 13.Initiative 14.Esprit the Corps Please take a moment to Like, Subscribe, and Comment on this video! View Our Channel To See More Helpful Videos - https://www.youtube.com/tarunanejaclasses We provide Tuition classes and home tuitions as well For Class related enquiries contact # 8800655354
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background on Fayol fayol's approach 14 principles of Management 5 functions of management-- Created using PowToon -- Free sign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
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| Henry Fayol Principles of Management | Henri Fayol 14 Principles of Management | Father of Modern theory of Management | Hello Bacho 🙋 Welcome to Students Can I help You? ☺️ SUBSCRIBE ☑️ Kro Channel ko or Notification Bell ko Ring kro 🔔 or Dekho Daily Videos Bilkul FREE. 🤗 Check out Our Extremely Useful Videos For Students in Hindi Only : 🔴 How To Choose Your Career Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4TJrbnQ4Covb0sk4wLvE50 🔴 Toppers Success Secrets Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4bs1h-LiSgin38X5YhbsW3 🔴 Class 12 Business Studies Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4yUpLnlQKbAn5ndNee4KLi 🔴 Class 12 Economics Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4PTLj73q-duquWQRMk0bwV 🔴 Class 11 Business Studies Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4P-Gt9yciFAfgw11ON4Una 🔴 Life Changing Quote Series Playlist : https://www.youtube.com/playlist?list=PL465j1sYtia4u_Z3DcisPKoPb4AocpB2k Follow us on various Social Media Platforms : ✔️Facebook : https://www.facebook.com/100006548682626 ✔️Facebook Page : https://www.facebook.com/SunilAD04/ ✔️Instagram : https://www.instagram.com/sunil.adhikari04/
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This video will help you in understanding the 14 Principles of Management given by Henri Fayol. For the notes click on the link below:- http://bbambaconcepts.blogspot.nl/2015/12/henri-fayols-principles-of-management.html
Views: 53664 BBA MBA Concepts by Neha Sharma
This project is about Henri Fayol's Principles of Management (Business Studies Project in Class 12). Starbucks Corporation is an american coffee company and coffee house chain on which applicability of principles of management is tested by asking employees and general customers about their opinions on various topics. Also Watch - https://youtu.be/n-puyI2wbQk [Economics Project Class 12 on GST (Goods and Services Tax) ] https://youtu.be/Af7uDqID6po (Business Studies Project Class 12 on Principles of Management) https://youtu.be/ToolwhhLOuA (Economics Project Class 12 on Demonetisation) https://youtu.be/mrIdS_QYt4M (Economics Project Class 11 | Price Dissemination For Indian Farmers and its Impact on Consumers) The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to Henri Fayol in his book General and Industrial Management (1916), there are fourteen 'Principles of Management'. 1. Division of Work - According to this principle the whole work is divided into small tasks.The specialization of the workforce according to the skills of a person , creating specific personal and professional development within the labour force and therefore increasing productivity; leads to specialization which increases the efficiency of labour. 2. Authority and Responsibility - This is the issue of commands followed by responsibility for their consequences. Authority means the right of a superior to give enhance order to his subordinates; responsibility means obligation for performance. 3. Discipline - It is obedience, proper conduct in relation to others, respect of authority, etc. It is essential for the smooth functioning of all organizations. 4. Unity of Command - This principle states that each subordinate should receive orders and be accountable to one and only one superior. If an employee receives orders from more than one superior, it is likely to create confusion and conflict. 5. Unity of Direction - All related activities should be put under one group, there should be one plan of action for them, and they should be under the control of one manager. 6. Subordination of Individual Interest to Mutual Interest - The management must put aside personal considerations and put company objectives firstly. Therefore the interests of goals of the organization must prevail over the personal interests of individuals. 7.Remuneration - Workers must be paid sufficiently as this is a chief motivation of employees and therefore greatly influences productivity. The quantum and methods of remuneration payable should be fair, reasonable and rewarding of effort. 8.Decentralization - The amount of power wielded with the central management depends on company size. Centralization implies the concentration of decision making authority at the top management. 9.Line of Authority/Scalar Chain - This refers to the chain of superiors ranging from top management to the lowest rank. The principle suggests that there should be a clear line of authority from top to bottom linking all managers at all levels. 10. Order - Social order ensures the fluid operation of a company through authoritative procedure. Material order ensures safety and efficiency in the workplace. Order should be acceptable and under the rules of the company. 11. Equity - Employees must be treated kindly, and justice must be enacted to ensure a just workplace. Managers should be fair and impartial when dealing with employees, giving equal attention towards all employees. 12. Stability of Tenure of Personnel - Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel) must not frequently enter and exit the organization. 13. Initiative - Using the initiative of employees can add strength and new ideas to an organization. Initiative on the part of employees is a source of strength for organization because it provides new and better ideas. Employees are likely to take greater interest in the functioning of the organization. 14. Esprit de Corps/Team Spirit - This refers to the need of managers to ensure and develop morale in the workplace; individually and communally. Team spirit helps develop an atmosphere of mutual trust and understanding. Team spirit helps to finish the task on time. Credits - Harjinder Singh (Sahib Creations) ▽ Music Info Song: Disco's Over - Lonely Island PTII (feat. PRXZM) [NCS Release] Music provided by NoCopyrightSounds: https://www.youtube.com/watch?v=pk-5aS9G9I4 Free download @ http://bit.ly/discosover_lonelyisland
Views: 105485 Rattandeep Singh Oberoi
In this video you can see what is Management, meaning of management, Management is Science or an Art, Principles of Management, F.W.Taylor vs Henry Fayol 14 principles in detail. ●Facebook: http://www.facebook.com/ManagementsAdda ● Instagram: http://www.instagram.com/ManagementAdda ● Twitter: http://www.twitter.com/ManagementsAdda
Views: 2047 Management Adda
This video is suitable for PRINCIPLES OF MANAGEMENT HENRY FAYOL PRINCIPLES OF GENERAL MANAGEMENT | FAYOLS PRINCIPLE OF MANAGEMENT | HENRI FAYOLS PRINCIPLE OF MANAGEMENT | 14 PRINCIPLE OF MANAGEMENT OF HENRY FAYOLS | CLASS 12 BST SCIENTIFIC PRINCIPLE AND TECHNIQUES OF MANAGEMENT | PRINCIPLE OF MANAGEMENT | PRINCIPLE OF MANAGEMENT FUNCTION OF MANAGEMENT | BASIC CONCEPTS AND PRINCIPLES OF MANAGEMENT | SCIENTIFIC PRINCIPLE AND TECHNIQUES OF MANAGEMENT . To watch complete course click here :- https://www.vidyakul.com/super-saver/super-saver-by-chandan-sir For Videos related call at :- 9818434684 For Books related enquiry :- 8010201786 For any other Enquiry :- 9953633448 Mail ID :- [email protected]
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Fayol's Principles of management telugu|Fayol's principles of management #fayolsprinciplesofmanagement #principlesofmanagement #management
Views: 768 TutorialsMadeEasy
Business Studies Class 12, All Chapters - http://bit.ly/29FqrUq In this video, we will study all the Principle of Management given by Fayol which Includes:- 3. Discipline 4. Unity of command 5. Unity of direction 6. Subordination of Individual Interest over general interest 7. Enumeration of Employees 8. Centralisation & decentralisation 9. Scalar Chain 10. Order 11. Equity 12. Stability of personnel 13. Initiative 14. Espirit de Corps
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OCM HSC 12TH STANDARD, ORGANISATION OF COMMERCE AND MANAGEMENT IMPORTANT QUESTIONS ANSWERS FOR BOARD EXAM 2019 SOLE TRADING CONCERN: https://www.youtube.com/watch?v=9RcnPb6voiA&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=1 JOINT HINDU FAMILY FIRM: https://www.youtube.com/watch?v=1kGdg8MJzog&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=2 PARTNERSHIP FIRM: https://www.youtube.com/watch?v=NlJG7JVPdK0&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=3 CO OPERATIVE SOCIETY: https://www.youtube.com/watch?v=dfhs6uGzchQ&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=4 JOINT STOCK COMPANY: https://www.youtube.com/watch?v=-KGh0GLuZro&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=5 BUSINESS SERVICES: https://www.youtube.com/watch?v=jbh5i1w6fIE&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=6 PRINCIPLES OF MANAGEMENT: https://www.youtube.com/watch?v=6iKo1cjCpDA&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=7 ENTERPRENEUR: https://www.youtube.com/watch?v=xijzrz_7clY&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=8 BUSINESS ETHICS: https://www.youtube.com/watch?v=V4a-jm118yQ&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=9 ELEMENTS OF BUSINESS ETHICS: https://www.youtube.com/watch?v=I9WHWsEHE6c&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=10 PRICIPLES OF MANAGEMENT: https://www.youtube.com/watch?v=z_Fs3WyZB70&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=11 F.W. TAYLOR'S SCIENTIFIC MANAGEMENT: https://www.youtube.com/watch?v=8bHY_JtvZL0&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=12 TECHNIQUES OF SCIENTIFIC MANAGEMENT: https://www.youtube.com/watch?v=jFOHufs7UxU&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=13 COMPETENCIES OF ENTREPRENEURSHIP: https://www.youtube.com/watch?v=5wO7G9rrpxA&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=14 ONLINE TRANSACTIONS: https://www.youtube.com/watch?v=AL5taC1USgI&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=15 FUNCTIONS OF WAREHOUSING: https://www.youtube.com/watch?v=5Gbd1O_G8D0&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=16 E-BANKING:; https://www.youtube.com/watch?v=_Odf6wuI8LY&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=17 PRIMARY FUNCTIONS OF COMMERCIAL BANK: https://www.youtube.com/watch?v=RQ1klBtH4SU&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=18 SECONDARY FUNCTIONS OF COMMERCIAL BANK: https://www.youtube.com/watch?v=HD_SCX8V9nQ&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=19 MERITS & DEMERITS OF SOLE TRADING CONCERN: https://www.youtube.com/watch?v=IacbiOWZvlU&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=20 MERITS & DEMERITS OF PARTNERSHIP FIRM: https://www.youtube.com/watch?v=GjHZstPxwYw&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=21 MERITS AND DEMERITS OF COOPERATIVE SOCIETY: https://www.youtube.com/watch?v=tIfafTNpf7M&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=22 MERITS & DEMERITS OF JOINT STOCK COMPANY: https://www.youtube.com/watch?v=mHJt5kT6nkE&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=23 MERITS & DEMERITS OF CO OPERATIVE SOCIETY: https://www.youtube.com/watch?v=ML8Le6wELtg&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=24 PAYMENT MECHANISM: https://www.youtube.com/watch?v=ltmcTucci1E&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=25 WHAT IS OUTSOURCING: https://www.youtube.com/watch?v=jOO5zQKGl-0&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=26 NEED FOR SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION: https://www.youtube.com/watch?v=zMeISAmayOc&list=PLvcdL6kPWcPfUsFoAGTDex3guGvkYpsyN&index=27
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Follow me at Instagram at www.Instagram.com/lavishgupta1 Hello guys, I am Lavish Gupta and this video is about 14 Principles of Management which is a very Important topic. These 14 principles of management are given by Henry Fayol, a French Mining Engineer . and These Principles are collectively known as Administrative theory. Okay, 14 Principles of management are statements that are based on a fundamental truth and serves as a guideline for decision making and management actions.k They are drawn up by means of observations and analysis of events that managers encounters in practice. And, Henry Fayol, after years of study was able to give these 14 principles of management which are 1. Division of work 2. Authority and Responsibility 3. Discipline 4. Unity of Command 5. Unity of Direction 6. Subordinate of Individual Interest 7. Remuneration 8. The Degree of Centralization 9. Scalar Chain 10. Order 11. Equity 12. Stability of Tenure of Personnel 13. Initiative 14. Esprit De Corps Let's discuss about each of these Principles one by one :- First is Division of Work - This Principle is also known an Division of Labour. It refers to the division of work among various Individuals in the organization to bring about specialization in every activity. This Principle is equally applicable to managerial work and technical work. That means , not only the technical work has to be divided but the managerial work also need to be divided and distributed among various individuals in the organization Specialization increases the efficiency of Individuals. Fayol recommended that work of all kinds must be sub divided and allocated to a number of Person. Sub- division makes each task simpler and results in greater efficiency. Second Principle is Authority and Responsibility - Authority is the right or power to give orders to the subordinates and Responsibility means the duty which the subordinate is expected to perform by virtue of his position in the organization . Fayol recommended that Authority and Responsibility should go hand in hand because Authority without Responsibility might promote irresponsible behavior on the part of management and Responsibility without Authority will make management ineffective. Third Principle is Discipline - Discipline means getting obedient to rules and regulations of the organization. And Employees must obey and respect the rules that govern the Organization for the smooth functioning of the organisation. According to Fayol, Discipline can be maintained by 1. Having good superiors at all levels. 2. Entering into Agreements. 3. Ensuring that Penalties are judiciously imposed. Unity of Command - According to this Principle, Each Subordinate should receive orders and be accountable to one and only one superior. No Employee should receive instruction from more than one person. This Principle is necessary to avoid confusion or conflicts. For Example- If there are more than one Superior and each want that work is carried out according to his/her instructions. The Employees may get confused regarding whose Instruction, they should follow. There is also possibility of conflict among the Superior regarding how the work should be completed. Unity of Direction- This principle states that there should be one head and one plan for activities having similar nature. That means Each Organizational activities that have the same objective should be directed by one manager using one plan for achievement of Organizational goal. No organization can succeed unless there is Unity of Direction. Unity of Direction alone can produce a sense of loyalty and devotion amongst Subordinates. Subordinate of individual Interest to General Interest - This Principle calls for the reconciliation of Individual Interest to those of the organization. Both of Employees and the Management should subordinate their interest to the general interest of the organization so that goals of the organization are achieved. Individual Interest should not become of more Priority than the Inte
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Fayol's principles of management | part- 4: https://youtu.be/7bovHxVztV0 Fayol's principles of management | part- 2: https://youtu.be/UL0KZq-wXa0 Fayol's principles of management | part- 3: https://youtu.be/lcyZCkfUEzQ Principles of management | Part - 1 | meaning, features and importance : https://youtu.be/yRx0l83Nl-8 If you are looking for a detailed Explanation of class 12, chapter 2 - Principles of Management, Then this video is what you were looking for. it covers a very detailed Explanation of the chapter with all the important points explained. this video covers: -Fayol's principles of management ---Division of work ---Authority and responsibility ---Discipline further chapter explained in the next video. this video is also perfect if you want to revise the chapter before exams. if this video helped you out then please hit the like button and if you want to see more videos like this then subscribe. Improvement suggestions are welcome in comments.. Hope that i will see you back in next video, and also Thanks for watching.....
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Its the best project to score perfect 20 in CBSE class 12th Bst. Practical!
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Class 12th Business studies Principles of management Taylor vs Fayol
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Scalar chain refers to a line of authority or chain of superiors from top level to lower level management. This is principle of management explained by Henry Fayol. He explained that miscommunication will not take place if we follow the chain to pass the flow of information. He also explained about short cut process known as GANG PLANK in emergency situation.
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Henry Fayol discuss the important aspect of principles of management, activities of management in his book of Industrial and General Management. He identified, he divided the activities of various things, for example he has given a POCCC, even now each and every organization will follow all these three things planning, organization, control, coordination, command all these things everybody is following. In the next presentation we are going to see other principles of Henry Fayol.
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This is 3rd part of the session on Henri Fayol. Link for Part 1: https://youtu.be/6ZGQC5J1cGs Link for Part 2: https://youtu.be/mtu5q-l3YEs Like, comment and share the video if you like it. Also, subscribe to the channel if you haven't already so that you do not miss any upcoming uploads. Notes available on app. Link to download the app: https://play.google.com/store/apps/details?id=com.civil.services.publicadministrationnotes Leave a good rating and review if you think this app has helped you in any possible way. Link to Module 2 playlist: https://www.youtube.com/playlist?list=PLzPk_kt4Jf1FKBy4WKIyx7RYsqZBaq1OV Link to Module 1 playlist: https://www.youtube.com/playlist?list=PLzPk_kt4Jf1FbeQGW20CQ05YoN1KjYjCK Link to my channel: https://www.youtube.com/c/UPSCPublicAdministration
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How to memorized 14 principle of management for part 1 https://youtu.be/YbKukDAA7V0
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