Exhibit 2-3 Fayol's 14 Principles of Management 1.Division of work. 7.Remuneration. 2.Authority. 8.Centralization. 3.Discipline. 9.Scalar chain. 4.Unity of command. 10.Order. 5.Unity of direction. 11.Equity. 6.Subordination of 12.Stability of tenure individual interests of personnel. to the general 13.Initiative. interest. 14.Esprit de corps. 2007 Prentice Hall,Inc.All rights reserved. 2-13Exhibit 2 Exhibit 2–3 Fay pg ol’s 14 Princi ol’s 14 Principles of Mana les of Management 1. Division of work. Division of work. 7. Remuneration. Remuneration. 2. Authority. Authority. 3 Di i li 8. Centralization. Centralization. 3. Discipline. 9 S l hi 4. Unity of command. Unity of command. 9. Scalar chain. 10. Order. 5. Unity of direction. Unity of direction. 6 Subordination of 11. Equity. Equity. 6. Subordination of 12 Stability of tenure individual interests to the general 12. Stability Stability of tenure of personnel. 13 Initiative g interest. 13. Initiative. 14. Esprit de corps. Esprit de corps. © 2007 Prentice Hall, Inc. All rights reserved. 2–13