Intro


The Fayolists

Henri Fayol

Grace Fahy, Aiden O'Carroll, Kishi Akinyemi, Emma Boylan, George Cosgrave, Morgan McMahon


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Stability of Tenure of Personnel

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Stability of Tenure of Personnel [11] Henri Fayol's principle, "Stability of Tenure of Personnel," advocates for keeping employees in an organisation for extended periods. This principle emphasises numerous advantages:  - Long-tenured employees accrue expertise and specialised knowledge which benefit  company operations and growth. - It reduces costs associated with turnover, such as hiring and training expenses.  - Employees feeling secure in their positions are more motivated, leading to higher job   satisfaction and morale. - Reduced turnover enhances team cohesion, which, in the long term, improves efficiency  and productivity. Fayol warned that constant personnel turnover disrupts organisational  functioning, hinders productivity, and incurs additional costs. However, modern workplaces require a balance between stability and adaptability to accommodate changing business needs and technological advancements. While Fayol's principle remains rele...
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References

References: [1]( https://www.simplilearn.com/principles-of-management-by-henri-fayol-article#:~:text=them%20in%20detail.-,1.,tasks%20to%20do%20at%20once. ) [2]( https://www.mindtools.com/asjiu77/henri-fayols-principles-of-management ) [3]( https://www.mindtools.com/asjiu77/henri-fayols-principles-of-management ) [4] 14 Principles of Management by Henri Fayol | Simplilearn   [5] https://www.dailystar.co.uk/sport/football/footballs-7-biggest-fines-time-29719451   [6] https://turnstonehr.com/why-have-disciplinary-procedures/   [7] What is Unity of Command? - Learning Perspectives [8] What is Unity of Command? - Learning Perspectives All You Have to Know about Unity of Command Principle: Benefits and Example (jgdb.com)   [9] https://www.mindtools.com/asjiu77/henri-fayols-principles-of-management#:~:text=Unity%20of%20Direction.,strength%20and%20focusing%20of%20effort.%22 [10] https://www.simplilearn.com/principles-of-management-by-henri-fayol-article#:~:text=5.,the%20dire...
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Initiative

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 Initiative [12]   The management science theory initiative says that management should support and encourage employees to take initiatives in an organisation.  This means an eagerness to initiate actions without being asked to do so,  and to suggest improvement in formulation and implementation of strategies. This will help them to increase their motivation and morale.  As Fayol wrote, "At all levels of the organisational ladder, zeal and energy on the part of employees are augmented by initiative." Employees can be encouraged to take initiative with the help of monetary & non-monetary incentives. Aiden
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