Fayol's Principle of Management

3625 Words Oct 17th, 2010 15 Pages
Management Assignment:

Question: Study an organization/business applying Fayol’s management principles.

Organisation Selected: Nestle.
Henri Fayol’s 5 Management Functions: An Introduction.

Henri Fayol is said to be the ‘father of the school of Systematic Management’ since he is renowned for forming a theoretical foundation for a managerial educational program which resulted from his experience as a successful managing director at a mining company. At that time, there was no formal training for managers, and Fayol believed that with the increasing complexity of organizations, more professional management is needed.

Fayol's legacy lies in his five Principles of Management which focused on the vital relationships between personnel and
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Nestlé is also convinced that it is the people who form the strength of the Company and that nothing can be achieved without their commitment and their energy, which makes people its most important asset. Involvement of people at all levels starts with appropriate information on the Company’s activities and on the specific aspects of their work. Through open communication and active co-operation, everyone is invited to contribute to improvements enhancing Company results and personal development.

So far Nestle has been seen to achieve the goals once set by Henri Nestle way back in 1867 successfully. People use Nestle products throughout the world with the confidence that they are not just provided with food and beverages which taste well but these are actually highly nutritious and healthy.

Fayol’s Management Principle 1: Planning:
Planning is one of the management functions which include defining goals, establishing strategies and developing plans to coordinate activities. We intend to describe how this management function is performed in a very famous international business organization named Nestle. The mission statement for Nestle is:
“At Nestlé, we believe that research can help us make better food so that people live a better life.
Good Food is the primary source of Good Health throughout life. We strive to bring consumers foods that…