Author : @awladtalukder (80% payout)
The principle of management is the guide for all the functions of management. The principles that management managers have been supporting for a long time are considered as management principles. At present, management policy follows 14 principles of Henry Fayol, the father of modern management theory. The 14 principles are discussed in detail below.]
1. Division of Labor Policy: The principle of division of labor is the process of distributing all the activities of an organization among the employees based on merit and efficiency. The division of labor plays the first and foremost role in management activities. A huge number of staff work in an organization. Therefore, if their activities are not appropriately distributed, the work may be disrupted and chaos may arise. When an employee is assigned a task in a specific sector, he/she will be able to complete his/her work properly. However, in terms of performing the same task, the employee will be able to acquire skills in that sector. And if the staff is skilled, it is better for the organization.
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