Henry Fayol’s Principles of Management :
During the period of 1920-40s in the USA, many authors did hard work in developing and testing various principles of management. Henry foyol, a French industrialist, offered fourteen principles of management for the first time in 1916. According to him managerial excellence is an ability and can be acquired by managers. He developed theories and principles of management which are universally accepted and meet the requirements of modern management. Following are the fourteen principles of management developed by the Henry Fayol .