References


References:

Comments

Post a Comment

Popular posts from this blog

Authority

Image
Authority [2] Managers must possess the authority to give orders, and recognize that with authority comes responsibility. As well as rank, Fayol argues that a manager's intelligence, experience and values should command respect. We see this principle everywhere in today’s world with the use of job titles such as CEO and COO etc. This helps employees understand their position in the hierarchy who they should report to in this line of command. Furthermore, just like Fayol stated, these roles come with certain authorities and responsibilities such as decision-making, conflict resolution, performance appraisals and enforcing company rules and policies. Kishi
Read more

Early Life and Background

Image
Early Life and Background [14] Henri Fayol was born on the 29 July 1841, in Istanbul. His father was an engineer and the whole family relocated to France in 1847.  Afte r studying in an academy in Saint-Etienne, Fayol became a French mining engineer and he went on to develop one of the most important concepts in modern management. In 1888, Fayol was promoted to managing director of the mining company where he worked.  Under his watch, the struggling company prospered and became one of the most successful steel and iron manufacturers in France.  Fayol spent thirty years working in this position, earning huge respect and admiration. He died at 84 years old on November 19, 1925.
Read more

Division of Labour

Image
Division of Labour [1] The first Henry Fayol principle of management is based on the theory that if an employee is given a specific task to do, they will become more efficient and skilled in it. Productivity increases as employees become more skilled, assured and efficient. Today, experts still warn against multi-tasking. Even in Trinity, we see this principle in action. Every department has a different responsibility, like the academic registry, sports centre, administration, sanitation etc. These responsibilities are taken care of by employees specialising in that particular department, increasing efficiency and productivity and making them specialists in their field. Kishi
Read more