Business Studies Class 12 Project on Principles of Management

This project is about Henri Fayol's Principles of Management (Business Studies Project in Class 12). Starbucks Corporation is an american coffee company and coffee house chain on which applicability of principles of management is tested by asking employees and general customers about their opinions on various topics.

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The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to Henri Fayol in his book General and Industrial Management (1916), there are fourteen 'Principles of Management'.

1.   Division of Work
2.   Authority and Responsibility
3.   Discipline
4.   Unity of Command
5.   Unity of Direction
6.   Subordination of Individual Interest to Mutual Interest
7.   Remuneration
8.   Decentralization
9.   Line of Authority/Scalar Chain
10. Order
11. Equity
12. Stability of Tenure of Personnel
13. Initiative
14. Esprit de Corps/Team Spirit


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