TABLE OF CONTENTS 1.0 INTRODUCTION - 1 - 2.0 BACKGROUND OF HENRI FAYOL - 2 - 3.0 FAYOL’S 14 PRINCIPLES OF MANAGEMENT - 5 - 3.1 Division of work - 5 - 3.2 Authority - 5 - 3.3 Discipline - 6 - 3.4 Unity of command - 6 - 3.5 Unity of direction - 6 - 3.6 Subordinate of individual interest to general interest - 7 - 3.7 Remuneration of personel - 7 - 3.8 Centralization - 7 - 3.9 Scalar Chain (Line Of Authority) - 8 - 3.10 Order - 9 - 3.11 Equity - 9 - 3.12 Stability of Tenure off Personnel
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ensure the success and flow of any operational business. There have been many contributors and theories to efficient and effective management‚ however Henri Fayol was a mentor who developed a general theory of business administration‚ and he was one of the most influential contributors to modern concepts of management. (Wikipedia). Fayol produced 14 principles for organizational plan and efficient administration; he had based these principals on his experience while managing a mining company in
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HENRI FAYOL (1841-1925) Administrative Management Theory Henri Fayol - Administrative Management Theory 1 Who was Henri Fayol? • Born in 1841 in a suburb of Istanbul • Graduated from the National School of Mines in Saint Etienne • After Graduation‚ Work and spent his entire career at a mining company • Credited with saving company from bankruptcy • During his career‚ he lectured at Ecole Superieur de la Guerre • After retirment‚ he established the Center of Administrative Studies Henri Fayol
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to Develop a philosophy of management. However‚ his observations fit closely with current developments in management theory. Fayol observed that the qualities required by a manager were to be fit‚ both physically and Mentally‚ have a moral code‚ be interested in the acquisition of knowledge and have technical Expertise and experience. It is on this basis that Fayol recognized the need for principles of Management and for management to be taught. He then set about developing his theory. Fayol’s
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About Henry Fayol & Fayol Theory Henry Fayol is considered to be the father of Modern Operational Management Theory. He was one of the most influential contributors to modern concepts of management‚ having proposed that there are five primary functions of management:- (1) Planning (2) Organizing (3) Commanding (4) Coordinating (5) Controlling Application in the Modern Workplace Fayol’s elements of management are recognized as the main objectives of modern managers. Fayol believed management
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Henri Fayol (1841-1925) Principles & Functions of Management Henri Fayol‚ a French engineer and director of mines‚ was born in a suburb of Istanbul in 1841‚ where his father‚ an engineer‚ was appointed Superintendent of Works to build a bridge over the Golden Horn. They returned to France in 1847. Fayol studied at the mining school "Ecole Nationale Supérieure des Mines" in St Etienne. At nineteen years of age he started as an engineer at a mining company "Compagnie de Commentry-Fourchambeau-Decazeville"
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Introduction Since Fayol left his general manager office‚ separated management from business operation and studied it‚ management has become an independent subject. A number of academics and entrepreneurs are desirous to find what management is and how to be a successful manager. Therefore‚ through varied approaches‚ many different views about management has been appearing such as Fayol’s function theory (1949) which based on his owe managing experience and Mintzberg’s 10 roles theory (1973) which
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1.0 INTRODUCTION The Industrial Revolution of the 19th Century had paved the way to the development of organized systematic approaches to management. One of the most influential contributors to the management theory is Henry Fayol. He was the first management theorist who used the term ‘administration’. His theory is generally understood as administrative management theory or Fayolism. In his theory‚ he focused on the top-level management and managers’ actions‚ divided the activities of an organization
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INDEX Henri Fayol was a French mining engineer and director of mines who developed a general theory of business administration.[1] He and his colleagues developed this theory independently of scientific management but roughly contemporaneously. He was one of the most influential contributors to modern concepts of management. Fayol was born in 1841 in a suburb of Istanbul‚ Ottoman Empire. His father‚ an engineer‚ was appointed
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Henri Fayol and the Functions of Management Henri Fayol once said‚ “To manage is to forecast and plan‚ to organize‚ coordinate and to control”. Fayol‚ a French engineer and industrialist‚ was the first to identify the functions of management. To him these functions were known as planning‚ organizing‚ commanding‚ coordinating and controlling. Modern management theorist have changed these functions to only planning‚ organizing‚ commanding (leading) and controlling. Henri Fayol Before
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