A Depth Analysis Of Henri Fayol 's Perspective On Management Essay

2277 WordsNov 29, 201610 Pages
Management is one of the most significant factors of production necessary for the realization of a company’s objectives. The number of managers varies from one corporation to another and is highly dependent on the size of the corporation. The leadership of a company’s management is instrumental as it sets and guides the general direction that the company ought to go. It provides efficient methods in which the company’s resources can be utilized in the production of goods and services as well as dealing with any deviations, expected or otherwise, in order to increase the productivity and competitiveness of an organization. This paper will give an in-depth analysis of Henri Fayol’s perspective on management in addition to exploring other perspectives employed by other authors. Considered as one of the pioneers of modern management, Fayol formulated a theory, which considers management as one of the key skills of an employee, which is vital across all fields. He was the first to recognize that management is a separate activity, which can be studied on its own. An employee with more managerial skills is more valuable than one with only the technical skills (Byrnes 2014, p.81). According to Fayol, the management has five core functions. These are planning, organizing, commanding, coordinating, and controlling. Therefore, managerial activities are concerned with formulation of operational plans for the business. His perspective is administrative in nature aimed at making
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