Evaluation of management
- The Classical theory of management
Administrative Management
(Contribution of Henri Fayol)
Henri Fayol was real father of
modern Management. Henri Fayol is the French industrialist in 1841-1925. He was
a mining engineer in. Henri Fayol spent
his entire working career in French industry; French cool and iron combine of
commentary fourchambault. Henri Fayol developed a general theory of Business
Administration.
Henri Fayol was concerned the
principles of organization and the function of management. Fayol laid the
foundation of management as a separate body of knowledge. He always insisted
that if scientific forecasting and proper methods are used in management than
company can get satisfactory results. According to Fayol, management was not
personal talent; it is a knowledge base skill.
Henri Fayol’s Administrative
Management is based on six admin activities. They are-
1.
Technical
:
Production and manufacture
2. Managerial :
Planning, controlling, co-ordination
3. Commercial : Purchasing
and selling
4. Financial :
Use of capital
5. Accounting :
Asset, Liabilities, cost, profits
6.
Security
:
Protection of goods and
Fayol’s fourteen Principles of
management
Fayol derived the following fourteen principles.-
·
Division
of work: Division of work means specialization. Each job and
work should be divided into small task and should be assigned to specialist of
it.
·
Authority
and responsibility: Authority means right to give order and
command while responsibility means to accomplish objective.
·
Discipline:
Discipline is required at every level in every organization. Fayol stated
discipline in terms of obedience, application, and respect to superiors.
·
Unity
of command: A subordinate should receive order from
only one boss.
·
Unity
of direction: It means that all the works of an
organization must work together to accomplish a common objective in under one
plan and head.
·
Subordination
of individual interest to common interest: Worker follows
the common interest of organization rather than individual.
·
Remuneration:
Remuneration should be fair and adequate. It includes both types of incentives
financial as well as non financial.
·
Centralization:
There should be one central point in organization which exercises overall
direction and control of all the parts.
·
Scalar
Chain: Scalar chain is the chain or line of command from
superior to subordinates.
·
Order:
Only proper order can give an efficient management.
·
Equity:
Equity creates loyalty and devotion among the employees.
·
Stability
of tenure personnel: Security of job for an employee in an
organization is very important and pre-requisite condition. Retaining
productive employee should always a higher priority of management.
·
Esprit
de corps: Management should encourage harmony and proper understandings
between workers. Fayol said that in union there is strength. Whole organization
should work as a team.
·
Initiative:
Manager
should be encouraged the employees Initiative for creative working.
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Cool post. well written.
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