With the use of the principles pioneered by Henry Fayol, explore the relevance of those principles that are still valid. Your exploration can be on any company or companies of your choice.
Title: With the use of the principles pioneered by Henry Fayol, explore the relevance of those principles that are still valid. Your exploration can be on any company or companies of your choice.
Category: /Business & Economy/Management
Details: Words: 2176 | Pages: 8 (approximately 235 words/page)
With the use of the principles pioneered by Henry Fayol, explore the relevance of those principles that are still valid. Your exploration can be on any company or companies of your choice.
Category: /Business & Economy/Management
Details: Words: 2176 | Pages: 8 (approximately 235 words/page)
Any business enterprise will need a management for it to be able to run smoothly and utilise it resources efficiently. Management can be describe as a process by which scarce resources are combined to achieve given ends (Appleby, 1994, p5). Functions of the manager include planning, organising, directing and controlling. One of the earliest people who gave deeper thought on management was Henry Fayol.
Henry Fayol (1841-1925) is one of the pioneers of management thought and …showed first 75 words of 2176 total…
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…showed last 75 words of 2176 total…that his 14 principles were his rules, developed out of his own experience and did not necessarily have universal application or even great permanence. Many modern day organisations do not incorporate all 14 principles in their organization and simply apply some principles more intensively than others. Perhaps by understanding the difficulties that a manager faces today, we can have a better idea as to where Fayol's principles have failed and modify them to suit the situation today.