...DEPARTMENT OF ACCOUNTING ADP/1/12/H/0460 HENRY FAYOLS PRINCIPLES OF MANAGEMENT BY: AJIBODU OLAYEMI INTRODUCTION: In this (presentation) I shall be discussing Henry Fayols 14 principles of Management. To this end, I will like to take a look at the general definitions of Management from various proponents as well as look at the meaning of principles; especially in the context of Management. Before going into the work proper, the analysis of Henry Fayols Principles of Management theory, I will render some criticism against the theory as well as some appraisals before drawing a conclusion of the significant of the theory in the modern day business environment. Definitions: the term Management is used to a large extent in the business. It describes to the fullest the “is” and “ought” of efficient and effective running business organization. Accordingly various schools have offered definitions to the concept of management such as George R. Teny; “Management is a distinct process consisting of planning, organising, actuating and controlling performed to determine and accomplish stated objectives by the use of Human beings and other resources” Peter Drucker; “Management is a multipurpose organ that manages business, manages managers, manages workers and work” Harold Koontz; “Management is the art of getting things done through and with people in formally organizes groups” The description of the varying definitions as quoted above presupposes a process...
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...بسم الله الرحمن الرحيم Sudan Academy of Science MBA Program Principles of Management Assay about: Positive contribution of Henry Fayol & Max Weber on the Management thought Prepared by: Nuha Mohamed Saeed - Batch 15 Henri Fayol: the Administrative Theory: Henri Fayol developed the Administrative Theory. While Weber emphasized the principles of an ideal bureaucratic organization, Fayol concentrated on the management layer. He focused on the personal duties of a manager at a much finer level than Weber did. Fayol stated that management had five principle roles: * Planning, meant anticipating the future and acting towards it * Organizing, meant the development of resources, both capital and human * Commanding, meant keeping the processes of the business running. * Coordinating, meant syncing the group’s efforts in the best possible way. * Controlling, meant that all the above activities were done according to appropriate rules and procedures. Fayol created 14 principles of administration to go along with these five goals. 1. Division of work: work is divided according to skill and technical expertise; each item of work be given to the employee most qualified for it 2. Authority and responsibility: Fayol defined authority as 'the right to give orders and the power to exact obedience.' He emphasized the importance of linking authority to responsibility. 3. Discipline: obedience and behavior of respect. 4. Unity of command: an employee should receive orders...
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...Henry Fayol, a French industrialist, developed the theory of management. According to him, managerial excellence is a technical ability and can be acquired. He developed theories and principles of management which are universally accepted and make him universalistic. He was pioneer of the formal education in management. Fayol's principles of management meet the requirements of modern management. Henry Fayol, offered fourteen principles of management for the first time in 1916. During the period of 1920-40 in the U.S. many authors did hard work in developing and testing various principles of management. Today, there is a very lengthy list of management principles and it is not possible to give an exhaustive lot of these management principles. Here, we are giving some important principles of management. Henry Fayol's Principle of Management Followings are the 14 principles of management developed by the Henry Fayol: 1. Division of Work: According to Henry Fayol under division of work, "The worker always on the same post, the manager always concerned with the same matters, acquire an ability, sureness and accuracy which increases their output. In other words, division of work means specialization. According to this principle, a person is not capable of doing all types of work. Each job and work should be assigned to the specialist of his job. Division of work promotes efficiency because it permits an organizational member to work in a limited area reducing the scope of his...
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...Henri Fayol (Istanbul, 29 July 1841 – Paris, 19 November 1925) was a French mining engineer, mining official, creator and chief of mines who created general hypothesis of business organization that is frequently called Fayolism. He and his associates built up this hypothesis freely of logical administration however generally contemporaneously. Fayol was conceived in 1841 in a suburb of Istanbul. His dad (an architect) was in the military at the time and was selected administrator of attempts to manufacture Galata Bridge, which spanned the Golden Horn. The family come back to France in 1847, where Fayol moved on from the mining institute "École Nationale Supérieure des Mines" in Saint-Étienne in 1860. In 1860 at nineteen years old Fayol began...
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...The company I currently work at is called Airserv Corporation. It is a service based company that provides JFK Airport and other airports worldwide, wheelchair services, food services, check-in services, and a multitude of others based on the contracts signed by airlines. One of the communication concepts that I have seen since working here has been that they are very prone to the administrative approach in this organization (Hynes, 2010). The organization I work for is managed very administratively with a chain of command and a great deal of organization but it lacks the communication and employee relationship that is necessary to maintain good business and communication. The managers are very focused on a couple of Fayol's principles. Let me go into depth here on exactly what I'm referring too to give you a better understanding. There is a division of work at my company, as defined by Fayol's principles. Workers are assigned locations and are limited to these "zones" where they are to stay during the duration of their shifts. The authority principle is also evident (Hynes, 2010). My managers tend to go after the authoritative stance on many issues we have faced at Airserv. They are quick order things that are necessary to keep the day "running smooth" and they have gained a greater deal of authority based on their skills and experience in the field of work that their employees are needed in. Another principle of Fayol's that my company has exhibited is how subordinate individual...
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...Administrative Principles The fourth major theory of management thought is called administrative principles. This is the third and final subset of the classical perspective. Henri Fayol, a French mining engineer was a major contributor to this theory of being “focused on the total organization” (Daft & Marcic, 2015). In a scholarly article, called Henri Fayol's Centre for Administrative Studies, it talks about Fayol’s belief in management being a part of every aspect in your life, from the home to work and even a part of government (Breeze, 1995). Some of the principles of management introduced by Fayol include the unity of command, division of work, unity of direction, and the scalar chain (Daft & Marcic, 2015). These principles have been...
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...that people should not underestimate themselves for human beings are adaptable and resilient. When you think about it, management has come a long way since the ancient era. From the time of Aristotle, who had laid the foundation for many management concepts, to medieval European guilds that functioned as modern-day quality control to ensure fine craftsmanship- the act of planning, organizing, and motivating resources was modified and adapted into what we know as management today. With the help of many modern management contributors like Frederick Winslow Taylor (founded Taylorism) whose theory of management that analyzes and synthesizes work flows. Taylor’s research is still heavily revered to this day. Another important figure is Henri Fayol, the father of the school of Systematic Management, who introduced to the world his 14 basic principles of management which is one of the earliest theories of management...
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...Great American Innovators America has gone through great change from its foundation to present day. Many people have helped to shape the great country in which we proudly call home. Our nation has produced some of the great innovators who shaped the industrial revolution, modern day communications and the use of electric light bulb. The simplest things that we take for granted once were the greatest innovations of their time. Thomas Edison, Alexander Graham Bell and Henry Ford are three of the greatest men that have contributed directly to a many things that we use in our day to day lives and without these men we would not be the advanced society that we are today. Reaching for a light switch is something we do every day. This is possible due to the contribution of Thomas Alva Edison, the inventor of the light bulb. Edison was born on February 11, 1847, in Milan, Ohio (Frith 5). He did not attain a formal education due to the poor family in which he was raised instead he started working on the railroad at age 12(Frith 14). Although Edison did not complete school, he continued to learn and experiment. Edison set up a printing press in the baggage car on the train and sold his own newspaper to the passengers (Frith 17). He retold the news from one end of the rail line to the other end of the rail line, allowing the people to be better informed of their neighboring towns. He was also able to have a small lab to perform scientific experiments, at least until his chemicals...
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...1. How long will you take to fill a rush order? Creating a Gantt Chart (used in our group discussion) we can easily see that the following orders (of the same type cookie can be done as follows: 1 Dozen = 26 minutes 2 Dozen = 36 minutes 3 Dozen = 46 minutes 2. How many orders can you fill in a night, assuming you are open four hours each night? In order to find out how many orders we can fill in a specific period of time we need to understand the bottleneck step and calculate the cycle time. In our process the bottleneck is the oven with a total cycle time of 10 minutes. The capacity of this process is 6 trays per hour. So in 4 hours we would have ( 6 x 4 ) 24 trays of cookies. *This assumes that the after baking activities could be completed after store closing. If we take into consideration the open hours only, the real capacity would be ((60 x 4)-8 / 60) or 3.73 hours and be able to produce only 22.38 trays. 3. How much of your own and your roommate's valuable time will it take to fill each order? Looking at labor time we see the following: Resource | Activity | Time | You | Wash & Mix + Spoon | 6 + 2 = 8 minutes | Roommate | Prepare Oven + Pack + Payment | 1 + 2 + 1 = 4 minutes | Total Resource time for 1 batch = 12 minutes Total Resource time for 1 batch = 17 minutes Total Resource time for 1 batch = 22 minutes *For up to 3 orders the first operation only counts once Idle time = 10 minutes! 4. For Kristen Cookies, develop...
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...Patrick Henry is not a very well know man today. When you ask people about him no one even knows who he was or what he did for America. In this parer hopefully you will learn more about who Patrick Henry was and see the important that he played in America history. Patrick Henry was born in Hanover Country, Virginia on May 29, 1736. He was born to John and Sarah Winston Henry. He was a figure of American’s struggles for liberty and self-government. Henry was a lawyer, planter, speaker, and willing participant in virtually every aspect of the founding of America. He was married two times to Sarah Shelton, with which he had six kids and Dorothea Dandridge who had eleven kids. Henry served in the Virginia House of Burgesses; he was a member of the Virginia committee of Correspondence, a delegate to the Virginia Convention and a delegated to the Virginia Constitution Ratification Convention. He played a protuberant part in the May 6, 1776, convention and became the first governor of the commonwealth under its new constitution. Patrick Henry served five terms as governor of Virginia from 1776-1779 and then again 1784-1786. Henry was most known for his speech “Give me Liberty or Give me Death” (Henry, P. 1775) which he gave on March 23, 1775. Unfortunately the text of this speech like most of his speech he gave was not documented until years after his death. This speech did not first appear in print until William Wirt published it in 1816 in “Life and Character of Patrick Henry”. Wirt...
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...“Ford Motor Company” Barbara Wilson Professor Andrea Dennis Business 302 February 7, 2011 Discuss at least three criteria the company should use to decide which of the four listed options is best and the reasons why each criterion should be used. “Steps to Rational Decision Making” Define the problems: Ford Motor has been losing money for years, particularly in its North American operations. Option one is to close down older plants in an effort to realign production and sales. The best criteria decision to use should be “Steps to Rational Decision Making”. The first step in decision making is to identify and define the problem. Identify Decision Criteria are the standards used to guide judgments and decisions. Weight the Criteria. After identifying decision criteria, the next step is deciding which criteria are more or less important. Some companies use mathematical models for weighting decision criteria, all require the decision maker to provide an initial ranking of the criteria. Some use absolute comparisons, in which each criterion is compared to a standard or ranked on its own merits. Another method uses relative comparisons, in which each criterion is compared directly to every other criterion. Some criteria weight that guided decision maker’s judgment to close or not close the company included the cost of present inventory sales. Also cost to buying out the workers, shuttering the plants, setting up a new business and selecting a new location for...
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...Born on February 11, 1847, in Milan, Ohio, Thomas Edison is the quintessential American inventor. Before he died, he gave us the phonograph, the transmitter for the telephone speaker, an improved light bulb, and key elements of motion-picture apparatus, as well as other bright inventions. He also created the world's first industrial research laboratory. Edison died on October 18, 1931, in West Orange, New Jersey. CONTENTS Synopsis Younger Years Early Career Becoming an Inventor Edison Illuminating Company Industrialist and Business Manager Final Years QUOTES "Opportunity is missed by most people because it is dressed in overalls and looks like work." – Thomas Edison « prev1 / 2next » Younger Years Born on February 11, 1847, in Milan, Ohio, Thomas Alva Edison was the last of the seven children of Samuel and Nancy Edison. Thomas's father was an exiled political activist from Canada. His mother, an accomplished school teacher, was a major influence in Thomas’ early life. An early bout with scarlet fever left him with hearing difficulties in both ears, a malady that would eventually leave him nearly deaf as an adult. In 1854, the family moved to Port Huron, Michigan, where Edison attended public school for a total of 12 weeks. A hyperactive child, prone to distraction, he was deemed “difficult” by his teacher. His mother quickly pulled him from school and taught him at home. At age 11, he showed a voracious appetite for knowledge, reading books on a wide...
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...Introduction: Nowadays Western New Yorkers are occupied trying to find a solution to an important problem that has “unexpectedly” knocked them out and they are quickly running out of time. The truth is that there has been found of huge gap in the Erie County’s budget. The truth is that now everyone is blaming the shortage on anything they can think of, but the solution is not being approached by such behavior. The 2005 budget shortage in the amount of 130 million dollars is a hard hit. Local legislators are trying to try to persuade the masses that the only way to restore the loss is by getting it from other budget components, and raising taxes. It is obvious that the inability to manage money that they showed, inability to come to a firm conclusion have influenced the lives of ordinary American people and its economy. The important issue that is being discussed now is the proposal to save budget founds by closing libraries, therefore cutting the expenses in the sphere of education. This does not seem a suitable runout for any New York resident. The motivation of this decision presented by Joel Giambra and local legislators is connected with the necessity to revise cost of Medicaid and other gaps that need to be filled in. After this unprofessional work they performed how do they expect New Yorkers to believe that they will direct tax dollars right this time? And the other truth is that their professionalism is under a big question mark. Closing libraries means prevent people...
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...This essay is about how John Steinbeck represents human nature and the nice and unfavourable qualities people had during the American depression in the 1930s where the story ‘Of Mice and Men’ took place. The story shows the way different people will react diversely to various situations. In this case, living with the trouble of having to travel to faraway places to search for jobs. It shows how some people can behave overly difficult while others can be calm, friendly and easy to live with. The many characters in the story represent the many different combinations of worthy and unworthy qualities but this essay shall concentrate on three characters Slim, Curley and Crooks. In ‘Of Mice and Men’, John Steinbeck uses the character Slim to represent a man who has only the admirable qualities of human nature and seems to possess absolutely no unworthy traits whatsoever. John Steinbeck shows the ideal man who respects and is respected greatly in return. He is known as ‘the prince of the ranch’ suggesting that he has skill above all the other men in the ranch and able to do things others could not. He can ‘kill a fly on the wheeler’s butt with a bull whip without touching the mule.’ This shows his precision and skill on the ranch supporting his title as the ‘prince of the ranch’. Furthermore, John Steinbeck shows how Slim is a born leader. His ‘godlike manner’ implies that he is like god, kind, respected and always listened to. Everything he does is done with ‘dignity’. People respect...
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...Are Science and Religion in Conflict? Name PHI 103 Instructor Date The economic crisis that struck the world between 2008 to 2009 had such resounding adverse impacts that brought even the mightiest economies to its knees. Even at present, the far-reaching effects of the crisis remain almost palpable and may be seen in high unemployment rates, economies still in recession and seemingly insurmountable national deficits. The United States, where the crisis had its beginnings continues to suffer from the recession even if it is gradually recovering. The present problems in the Euro zone may be partly attributed to the recession of 2008. Because of these, many scholars, economic analysts, researchers and businessmen continue to endeavor up to now to discern what the real cause of the economic crisis was in the hopes that it will not happen again. Many people attribute the global economic meltdown to the collapse of the subprime sector in the United States. To put it simply, the mortgage sector was blamed for the crisis because of how many financial instruments were collateralized by mortgages of people who had bad credit histories. When too many of them failed to meet their obligations, it began a series of defaults that ultimately collapsed not only the mortgage industry but the financial industry as well. All those that have investments in both sectors, local and foreign entities, also became affected as they lost what they have invested...
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