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Henri Fayol is best remembered for his contribution to school of management thought.
First, Fayol believed that organizational and business life was an amalgam of six activities –
technical, commercial, financial security, accounting and management (Fayol, 1949, Parker
and Ritson, 2005b, Bakewell 1931)
Fayol’s contribution to management can be discussed under the following four heads.
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He found that all activities of the industrial enterprise could be divided into six groups
He pointed out that these activities exist in every enterprise. He further said that the first five
activities are well known to manager and consequently devoted most of his book to analyse
managerial activities.
Qualities of an effective manager: Henri Fayol was the first person to recognise the different
qualities for manager.
Frederick Taylor used his engineering background to develop his scientific management
theory. He believed that the used of engineering principles would lead to a reduction of waste
and an increase in production and efficiently that would benefit not only the business but
employees and society in general.
Determine the company’s vision and mission to guide and set the pace for its current
operations and future development
Responsibilities of Directors
The directors must always exercise their powers for a proper purpose-that is in furtherance of
the reason for which they were given those powers by the shareholders
Management Administration
Its all about plans and actions Its concerned with framing policies and
setting objectives
The manager looks after the management of
the organization Where as administrator is responsible for the
administration of the organization
Management focuses on managing people
and their work