In the context of Fayol's principles, what does 'Subordination of Individual Interests' imply?

'Subordination of Individual Interests' within Fayol's principles emphasizes that personal interests should be aligned with the overall goals of the organization. This principle suggests that for an organization to function efficiently, individuals must prioritize the collective interests of the group or the company over their personal ambitions. By doing so, employees contribute to a cohesive work environment, fostering teamwork and collaboration, which ultimately helps in achieving the organization's objectives. This alignment ensures that all efforts are directed towards common goals, enhancing overall productivity and effectiveness. The focus on aligning personal and group interests promotes unity and reduces conflicts that may arise from individual agendas, which is crucial for organizational success.