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Henri Fayol was a key figure in today's management theory. Fayol laid down the following principles of management:
1.Specialization of labor- Specializing encourages continuous improvement in skills and the development of improvements in methods.
2.Authority- The right to give orders and the power to exact obedience.
3.Discipline- No slacking, bending of rules.
4.Unity of command- Each employee has one and only one boss.
5.Unity of direction- A single mind generates a single plan and all play their part in that plan.
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