Management is essential to any organization that wishes to be efficient and achieve its aims.It has been said that management has four basic functions - planning, organizing, leading and controlling. A classic theory on the principles of management was written by Henri Fayol. It seeks to divide management into 14 principles. We'll take a look at these basic Principles of management and explain them in easy to understand terminology. In this aspects we have elaborately discussed theories and principles along with case studies.