APPLIED SCIENCES UNIT OF BUSINESS AND ADMINISTRATION, KUOPIO THE IMPORTANCE OF STRATEGIC MANAGEMENT A case study of H&M Ding Huiru Business Administration Bachelor’s thesis International Business April 2011 2 SAVONIA UNIVERSITY OF APPLIED SCIENCES SAVONIA BUSINESS Degree Programme, option International Business Author(s) Ding Huiru Title of study The importance of strategic management, Case study of H&M Type of project Date Pages Thesis 27.4.2011 59+12 Supervisor(s) of study
Words: 14584 - Pages: 59
considers, Fayol’s and Mintzberg’s theories, and article two which considers Fayol’s and Taylor’s theories. This essay will also explain the author’s view on Fayol’s, Mintzberg’s and Taylor’s theories. Classical management theory is a school of management thought in which theorists delved into how to find the best possible way for workers to perform their tasks. The purpose of the first article is to prove that Fayol’s function of theories is still relevant today but Mintzberg’s theory is better
Words: 1123 - Pages: 5
this journal is available at www.emeraldinsight.com/1751-1348.htm Henri Fayol, practitioner and theoretician – revered and reviled Mildred Golden Pryor and Sonia Taneja Department of Marketing and Management, Texas A&M University-Commerce, Commerce, Texas, USA Abstract Purpose – Fayol’s theories were the original foundation for management as a discipline and as a profession. Also Fayol was the first to advocate management education. Yet he has critics who revile him (or at least disparage his
Words: 7742 - Pages: 31
processes) of management proposed by Fayol. Explain why these functions are relevant (or otherwise) to today’s managers. The twentieth century has bought upon us a number of management theories which have helped to shape the overall view of management in the present environment of business. Many of those theories have stood the test of time and are still often referred to in the management world of today. One of the most famous theories referred to in management is that of Henri Fayol. Henri, a French
Words: 1269 - Pages: 6
Parallels to Behaviouralist Management and Transformational Leadership’, Northeast Business & Economics Association Proceedings, pp. 196-199. (CAMILA AMAYA , 1718053) The article was wrote by Lauren Spatig, Doctoral Student from Fielding Graduate University, she created the article to make a comparison between three big management theories: Fayol’s classical management theory, McGregor’s behavioralist management theory (1966,2006) and Kouzes
Words: 2594 - Pages: 11
Henri Fayol was a French mining engineer and director of mines who had developed a general theory of business administration. He was one of the most influential contributors to modern theories of management. He also identified 5 functions and 14 general principles of management in the early 19th century. These functions and principles were based on his experience and observations and were made for general administration purposes. While today’s economy may be more service oriented, one would feel
Words: 1482 - Pages: 6
Date: 11/12/2011 Student Number: 110369257 Version 1.0 The task: Henri Fayol presented his analysis of the management function in 1916 and it has largely been superseded by the more descriptive approaches of what managers actually do, such that favored by Henry Mintzberg. However, it could be argued that the image portrayed by Fayol is superior to that of Mintzberg, and the latter’s description is of rather ineffective management! Who do you think is right? Fayol or Mintzberg – Who is right
Words: 2109 - Pages: 9
Critically discuss the extent to which Fayol’s classic analysis of the management function has largely been made redundant by the more recent empirical studies of what managers actually do, such as that favoured by Mintzberg Introduction The function of a manager is not a set in stoned role. It can be interpreted very widely and differently due to changes in time and also personal opinions. There is the classical approach to management which was concerned with the structure and activities of
Words: 2036 - Pages: 9
Five functions of management (Fayol) Theories and methodsManagementby Vincent van Vliet - Jun 23, 2014 1981 At the beginning of the last century (1916) the French engineer Henri Fayol created the first principles of the classical management theory. Fayol is classified as the founding father of for example the line and staff organization. Based on his experience as a successful director or a mining company, he developed several theories that are still relevant today. At the time, managers had
Words: 797 - Pages: 4
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
Words: 2655 - Pages: 11
