Which is not one of Fayols principles:a)Authority and responsibilityb)...
Fayol's Principles of Management are a set of guidelines developed by Henri Fayol, a French mining engineer and management theorist. These principles are considered fundamental to the practice of management and are widely taught in business schools.
The correct answer to the question is option 'C' - Globalization. Globalization is not one of Fayol's principles of management. The other options, authority and responsibility, line of authority, and unity of command, are all principles that Fayol identified in his work.
Below is a detailed explanation of each of the principles mentioned:
1. Authority and Responsibility:
- Authority refers to the right to give orders and the power to exact obedience.
- Responsibility refers to the obligation to perform assigned tasks and achieve goals.
- According to Fayol, authority and responsibility go hand in hand. Managers must have the authority to carry out their responsibilities effectively.
2. Line of Authority:
- The line of authority refers to the chain of command within an organization.
- It represents the formal relationships between superiors and subordinates.
- Fayol believed that a clear and unbroken line of authority helps to prevent confusion and ensures that orders are properly communicated and executed.
3. Unity of Command:
- Unity of command means that each employee should receive orders from only one superior.
- This principle helps to avoid conflicting instructions and ensures that employees have a clear reporting relationship.
- According to Fayol, if an employee receives instructions from multiple superiors, there is a risk of confusion and lack of accountability.
4. Globalization:
- Globalization refers to the process of increasing interconnectedness and integration of economies, cultures, and societies worldwide.
- While globalization is a significant aspect of the modern business environment, it was not a principle identified by Fayol.
- Fayol's principles were developed in the early 20th century when the concept of globalization was not as prevalent as it is today.
In summary, Fayol's principles of management include authority and responsibility, line of authority, and unity of command. Globalization, on the other hand, is not one of his principles.