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Principles of Management

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Theoretically, the concept of management or organisation is vast, but practically speaking, it only requires a few skills to tackle any operational tasks at your job. Managing refers to planning, designing, coordinating, and leading to achieve the predetermined goals of the organisation. But all these things work upon a settled line of speculative principles. The management principles are a piece of practical situations and methods quoted hypothetically to give a managerial direction to your ideologies. Henry Fayol tailored these management principles. These principles are corrective measures to the managerial problems you face, and Henry Fayol has divided them into 14 easy-to-understand statements for your general understanding. 14 Managerial Principles 1. Division of Work  Multitasking helps you get better at what you do efficiently; you can easily master your skills in time management and productivity by multitasking. Division of work includes assigning a task to your employees to test their strengths.…