Briefly describe the general principles of management as laid down by Henri Fayol. Is this list exhaustive?

Henri Fayol, a French industrialist took more holistic approach towards management. Unlike Taylor who focused only on "shop floor" production activities, Fayol took a comprehensive approach and identified the following as basic principles of Management.

• Division of work
• Authority and responsibility
• Discipline
• Unity of Direction
• Unity of Command
• Centralization
• Order
• Remuneration
• Subordinating individual interest to group interest
• Scalar chain
• Equity
• Stability of tenure of personnel
• Initiative
• Esprit de corps (team spirit)