Henri Fayol’s Management Theory
The twentieth century has brought in a number of management theories which have helped shaped our view of management in the present business environment. Henri Fayol's management theory is pioneer in its own right, outlining clear and distinct duties and roles of management and his theory is by far the most relevant in today’s management style. Plan, Organize, Command, Co-ordinate, and Control are the five core issues of the Henri Fayol's management, which have made the theory more practical over the contemporary management theory. Henry Fayol presented 14 principles of Management, many of which are still widely used in organizations by management to perform day to day tasks and many other functions. Some of his principles which form the structural dimensions of today’s organizations and their management are: Unity of Command, Division of work on the basis of specialization, Centralization, Order, Discipline and Unity if direction.
Other than this, two more important aspects that he introduced and we find in today’s management practice are the need for initiative on part of the employees and letting the employees contribute to decisions and other tasks and delegating on the management’s part.
In his principles, he also stated that an employee needs to be motivated and among many other things, money is an important variable in motivation. He also said that the management should keep the morale of its employees high and keep them motivated so that they can perform at their best. Fayol believed by focusing on managerial practices he could minimize misunderstandings and increase efficiency in organizations. He enlightened managers on how to accomplish their managerial duties, and the practices in which they should engage. In his book General and Industrial Management (published in French in 1916, then published in English in 1949), Fayol outlined his theory of general management, which he believed could be applied to...
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