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Henri Fayol was a French mining engineer and an author who developed general theories of business administration. In this article, we'll see one of his popular theory which is known as Henri Fayol 14 Principles of Management. The theory for philosophy/principles of management is developed by Henri Fayol. According to him, there are 14 Principles of Management. The reason why Henri Fayol 14 Principles of Management are important is, it improves understanding, it helps in identifying the areas of management in which managers should be trained and it is also helpful in identifying the role of management.