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Category: Business and Industry
Date Submitted: 04/07/2011 01:13 AM
METHODIST UNIVERSITY COLLEGE OF GHANA
MASTER OF BUSINESS ADMINISTRATION
MANAGEMENT AND ORGANISATIONAL BEHAVIOUR
LEVEL 500
The Search for Principles of Management
Henri Fayol’s Principles of Management
• He began his working life at the age of nineteenth in France
• He spent his entire working life with the same company
• He rose to the position of the managing director at the age of 47 and retire after his seventy-seventh birthday
• His entrepreneurial successes won him considerable fame and popularity
• He defined management in terms of key activities of any industrial undertaking
1. technical activities- production
2. commercial activities- buying and selling
3. financial activities- securing capital
4. security activities- safeguarding property
5. accounting activities- providing financial information
6. managerial activities- planning and organizing
• he noted that to manage is to;
1. forecast and plan
2. organize
3. command
4. coordinate
5. control
• His general principles were adopted by the followers of the classical school Urwick, and Breach but some modern management theorists did not see any substance in it.
• His reference to division of labor, scalar chain, unity of command and centralization were found to be descriptive
• Issues such as individual versus general interests, remuneration and equity were considered to be different from paternalism.
• Indeed Fayol was very much concerned with the structural nature of organization
Taylor and Scientific Management
• Fredrick Winslow Taylor was one of the early practical manager-theorists
• He was born in Boston, Massachusetts in 1856
• He spent part of his time in looking into how organizational efficiency can be obtained
• Most of the solutions were based on his own practical experience
• He started his career as...