1. Division of Work: allows for job specialization. Work should be divided among individuals and groups.
2. Authority and Responsibility: Right to give orders. Responsibility involves being answerable by whoever assumes authority assumes responsibility.
3. Discipline: Common efforts of workers.
4. Unity of Command: Employees should have only one boss.
5. Unity of Direction: A single plan of action to guide the organization.
6. Subordination: Of individual interests to general interests of organization.
7. Remuneration: An equitable, uniform payment system that motivates and contributes to success.
8. Centralization: Degree to which authority rests at the top of the organization.
9. Scalar Chain: Chain-like authority scale.
10. Order: Arrangement of employees where they will be of the most value to the organization.
11. Equity: Justice and fair dealing
12. Stability: of tenure of personnel
14. Esprit de corps: Harmony, general good feeling among employees
The management function is essential for all organized activity and at all levels of the organization from the managing director down to a supervisor responsible for a small section within the factory. While the managing director has full executive control and authority for conducting the affairs of the company, the supervisor has the similar powers on a far smaller scale.