Henry Fayol

Henry Flagler was an American capitalist, entrepreneur and industrialist born in Hopewell, New York who founded Standard Oil, an oil refining industry, and bridged and extended his Florida East Coast Railway to Miami in order to make his hotel ventures more accessible. This extension became apparent when Flagler visited St. Augustine, Florida with his second wife viewing it as an endearing location, yet deficient in sufficient resorts and transportation systems. He invested and purchased the Jacksonville, Halifax and St. Augustine railroad which led to the establishment of the Florida East Coast Railway. Flagler saw probable prospect in Florida to be a major tourist attraction. As Flagler’s luxury hotels were expanding and reaching all parts of Florida, the citizens of Florida wanted to acclaim Flagler for building channels, streets, introducing power and water structures/systems and creating a name for Florida. They wished to name the town “Flagler” in honor of him; however he respectfully declined insisting that the town be named Miami- an Indian name originating from the river that the city was established around. Here Flagler opens the Hotel Royal Palm, one of his many hotels stretching over his more than 2 million acres of land owned in Florida. During the next few years of his life, Flagler dedicated himself in emerging and evolving Florida. He conceived the modern Florida that we know of today with most of his infrastructures

Henri Fayol was an Engineer and French industrialist. He recognizes the management principles rather than personal traits. Fayol was the first to identify management as a continuous process of evaluation. Fayol developed five management functions. These functions are roles performed by all managers which includes planning, organizing, commanding, coordinating and controlling. Additionally, he recognizes fourteen principles that should guide management of organizations.

     In 1943, when Jack Morgan died, Thomas Lamont became the chairman of the company. This marked the first time since 1864 that a Morgan had not managed the firm.

Stories use narrative to involve the responder in a range of experiences. Storytellers use narrative techniques to establish a setting and shape the characters personality. This is shown in Henry Lawson’s short stories the drover’s wife and the loaded dog as well as Roger hargreaves picture book little miss sunshine.

Neither Henry Ford nor Henry Mercer was trained or credentialed in the study of history, but each developed a vision both of what American history ought to be and of how it ought to be studied. Their experiments stood as alternatives to the more narrowly focused academic history that would ultimately triumph. Henry Ford built a history museum in two parts, the galleries displaying a variety of objects and the village itself, however, can also be seen as collection of architectural objects on a grand scale. The museum and village pay homage to America's simple folk. The museum and the village erected as a memorial to America's preindustrial past and its "village" life to rescue a disappearing past. Ford reached back to retrieve his past. For

Authoritative structure and outline help organizations to comprehend themselves and in a perfect world to cooperate to perform all the assignments and accomplish all the objectives of an organization. Frequently when a company is small and beginning up, it ignores both of these ideas while it makes sense of its character, errands, capacities and everything authoritative structure and outline help put in place. Contrastingly, when Gus Agioritis opened his little Boston Pizza and Spaghetti House in 1964, his technique was to develop the restaurant by concentrating on franchising. "Take on a similar mindset as a client, convey extraordinary sustenance and quality, and work nearly with your accomplices." (BP International Inc., 2014). Boston Pizza has conquered this by concentrating on the three mainstays of achievement, which are the scenery for all choice making that has supported the advancement and accomplishment of Boston Pizza. The three pillars of this concrete pizzeria are responsibility to the franchisee benefit, responsibility for building the Boston Pizza brand, duty to persistently enhancing the client experience.

His 14 universal principles of management, listed in Table 1.1, were intended to show managers how to carry out their functional duties. Fayol’s functions and principles have withstood the test of time because of their widespread applicability. In spite of years of reformulation, rewording, expansion, and revision, Fayol’s original management functions still can be found in nearly all management texts. In fact, after an extensive review of studies of managerial work, a pair of management scholars

E. F Hutton as a broker and assistant manager, but when that firm merged with Shearson-

Management is a very complex field. Not only must managers pay attention to what is best for the organization, but they also have to do what is best for their customers. At the same time, the manager must satisfy the need of their employees. Henri Fayol developed fourteen principles of management in 1916 that organisations are recommended to apply to order to run properly. This paper will show how some of Fayols

1. Is the company correct in its practice of not manufacturing standard model compressors on Sundays because of the accounting loss incurred on each unit?

While scientific development emphasised principles to improve worker effectiveness, another branch within the classical school arose, administrative management, with its main contributor being French industrialist Henri Fayol. He is regarded as the father of administrative management as he proposed fourteen principles of management intended to assist managers in determining what to do to manage an organisation more effectively (Rodrigues, 2001). Fayol’s ideas are still valid in today’s organisations and his definitions of management are widely used in this field of study. In his book General and Industrial Management, published in 1916, he defined management as “to manage is to forecast and plan, to organise, to command, to coordinate and to control” (Fayol, 1916). This definition yielded the now known functions of management. Fayol’s approach to management has several similarities with Taylor’s scientific management theory. Included in Fayol’s fourteen principles is the division of work, which outlined the need for workers to specialise in specific jobs (Rodrigues, 2001). This idea of work specialisation has been derived from Taylor’s principles of scientific management. Furthermore, the empowerment of managers, proper training of employees and the use of a reasonable rewards system were principles that originated

Henri Fayol’s theory was almost a century old and was originally written in French. Further review on several journal articles has led to an overview background of Fayol’s working life which provided the foundation that conceptualized his theory. According to Wren (2001), Fayol was appointed as the Director in a mining company, Decazeville, where he succeeded to turnaround the company to become profitable. Fayol was the first person to classify the functions of a manager’s job. Fayol (1949; as cited in Wren, 2001) identified five key functions in managerial works.as planning, organising, command, coordination and control. Planning consists of any managerial work that involves setting goals and coordinating actions to

According tot the Administrative Management Theory, management is the process of getting certain tasks completed through the use of people. In this theory developed by Henri Fayol, he believes that it was very important to have the use of a multiplied of people instead of just relying on one person alone. Henri Fayol is known today as the “Father of Modern Management”, his theory has shaped what is know today as the Administrative Model, which relies on Fayols fourteen principles of management. These principles have been a significant influence on modern management; they have helped early 20th century manager learn how to organize and interact with their employees in a productive way. Fayols principles of management were the ground work in which his theory was formed. He believed highly in the division of work throughout a project and within the project he believed that the task at hand had to be done with a certain level of discipline in order for the division of work to be able to run smoothly without error.

Each day, Fayol took notes on management within the French steelmaking company he worked for. He was hired to oversee the liquidation of the company and eventually succeeded in leading it to financial solvency. These daily

Henri Fayol: Henri Fayol was administrative management’s most articulate spokesperson. A French industrialist, Fayol was unknown to U.S. managers and scholars until his most important work, General and Industrial Management, was translated into English in 1930. 16 Drawing on his own managerial experience, he attempted to systematize the practice of management to provide guidance and direction to other managers. Fayol also was the first to identify the specific managerial functions of planning, organizing, leading, and controlling. He believed that these functions accurately reflect the core of the management process. Most contemporary management books still use this framework, and practicing managers agree that these