Page 3 - Lesson Note 3

11. Equity: Employees should be treated with equality and respect. This is among the

core values of management. It will fall on the manager to ensure that there is no
discrimination of any kind happening in the workplace.

12. Stability: An employee is able to deliver better when he is secure in his job. It is the
duty of the management to offer job security to their employees along with a promise

of growth. Minimizing employee turnover is important and beneficial to the
management as well.

13. Initiative: Sometimes ground breaking ideas come from unexpected places. The

management must encourage its employees to take initiatives in the organization. It
will make them feel valued and develop their interest.

14. Esprit de Corps:This is one of the core principles. The management must ensure that

the team remains constantly motivated and are cooperative with each other. It is very
important to develop mutual trust among employees as it leads to a positive work

environment.

Difference between Fayol’sand Taylor’s theories of Management
Basis Henry Fayol F.W. Taylor

Henry Fayol, father of modern F.W. Taylor, father of scientific
Meaning management contributed fourteen management contributed four

management principles, management principles, for
accomplishing managerial enhancing overall productivity.

efficiency.

The general theory of The scientific theory of
Concept management management

Concentrated Top-level management Low-level management
Approach Top management based on top Supervisory viewpoint and

downward approach bottom upward approach

Focus Focused on delivering managerial Increasing productivity of labour
efficiency

Theory Personal experience Observation and experiment