Henri Fayol - Elements of Management by Henry Fayol
Henri Fayol was a French mining engineer and management theorist. He developed the theory of Scientific Management. He studied at the mining school "Ecole Nationale Superieure des Mines" in Saint-Etienne of France. He is well known as the father of modern management theory. Fayol started as an engineer at a mining company and he became its managing director in 1888.
Fayol's contributions were first published in book titled "Administration Industrielle et Generale", in 1916. He looked at the problems of managing an organisation from top management point of view. He has used the term 'administration' instead of 'management'. His contributions are generally termed as operational management or administrative management.
Activities of an Industrial Organisation
Fayol has divided the activities of an industrial organisation into six groups.
- Technical: Related to production.
- Commercial: Related to buying, selling and exchange.
- Financial: It is search for capital and its optimum use.
- Security: Protection of property and person.
- Accounting (Including statistics).
- Managerial: It includes planning, organisation, command, coordination, and control.
Fayol has identified the qualities required in a manager. According to him the qualities a manager has to possess are as under;
- Physical (health, vigour, and address)
- Mental (ability to understand and learn, judgement, mental vigour, and capability)
- Moral (energy, firmness, initiative, loyalty, tact, and dignity)
- Education (general acquaintance)
- Technical (peculiar to the function being performed)
- Experience (arising form the work).
- Frederick Winslow Taylor
F. W. Taylor was an American mechanical engineer completed his degree in Mechanical Engineering from Stevens Institute of Technology in 1883. He is well known as the father of scientific management. He held...
General Principles of Management
Fayol listed and reviewed fourteen principles of management on the following aspects.
Division of Work
Authority and Responsibility
Unity of Command
Unity of Direction
Subordination of Individual Interest to General Interest
Stability of Tenure of Personnel
Esprit de Corps
The principles enunciated are not aimed at being exhaustive but are the ones to which Fayol had recourse most often. He stresses the universality of such principles and their application not only to business but also for the success of all associations of individuals.
More Information on 14 Principles of Management of Henry Fayol
- Henry Fayol General Principles of Management
14 Principles of Management of Henry Fayol. Henry Fayol listed and reviewed fourteen principles of management on the following aspects.
Elements of Management
Fayol regarded the elements of management as the functions of management. He said that management should be viewed as a process consisting of 5 elements. They are
He has regarded planning as the most important managerial function. Creation of organisation structure and commanding function is necessary to execute plans. Coordination is necessary to make sure that every one is working together , and control looks whether everything is proceeding according to the plan.
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F. W. Taylor was an American mechanical engineer completed his degree in Mechanical Engineering from Stevens Institute of Technology in 1883. He is well known as the father of scientific management.
Activities by which we can earn our livelihood are economic activities. Three major categories in Economic activities are: Business, Profession and Employment.