Henry Fayol is known as the Father of Principles of Management.
Henry Fayol was a French industrialist and management theorist who laid down fourteen fundamental principles of management. These principles provide guidelines for managerial practices such as division of work, unity of command, unity of direction, authority and responsibility, discipline, and esprit de corps.
His contribution focused on administrative management and the universal functions of management including planning, organizing, commanding, coordinating, and controlling. These principles are applicable to all organizations irrespective of their size or nature.
While F.W. Taylor is regarded as the Father of Scientific Management, Henry Fayol is recognized for establishing the foundational principles that form the basis of modern management theory.