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Major Contributor Of Management Thought 1neeraj singh.

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Presentation on theme: "Major Contributor Of Management Thought 1neeraj singh."— Presentation transcript:

1 Major Contributor Of Management Thought 1neeraj singh

2 HENRI FAYOL (1841-1925) 2neeraj singh

3 INDEX  Biography  Contribution to the field of management  Evaluation  Application of Fayol’s theory in organizations  Limitation of the theory  Conclusion 3neeraj singh

4 "To manage is to forecast and to plan, to organise, to command, to coordinate and to control". - Henri Fayol 4neeraj singh

5 Biography  French mining engineer and a management theorist  Studied at mining school in Saint-Etienne  Started as an engineer at a mining company and became Director in 1888.  Wrote a book in 1916 “Administration Industrielle et generale.”  First management thinker who provided the conceptual framework of the functions of management in his book.  Due to his contribution to management theory and principles, Henry Fayol is rightly treated as the Father of Modern Management Thought. 5neeraj singh

6 Contribution to the field of Management  Administrative Management Theory  Principles of Management  Viewed management as a profession that can be trained and developed  Emphasized the broad policy aspects of top level managers ( top down approach)  Offered universal managerial prescriptions 6neeraj singh

7 Administrative Management Theory The functions of management according to Fayol are: Planning Organising Staffing Commanding Coordinating Controlling 7neeraj singh

8 Principles of Management 1.Division of work. 2.Authority and responsibility. 3.Discipline. 4.Unity of command. 5.Unity of direction. 6.Subordination of personal interest to organizational interests. 8neeraj singh

9 Contd… 7. Remuneration 8. Centralization 9. Scalar chain 10. Order 11. Equity 12. Stability of tenure 13. Span of co-operation 14. Initiative 9neeraj singh

10 Viewed management as a profession  Fayol’s theory of management was the first complete theory of management as we understand today.  It incorporated proven principles, elements, procedures and techniques based on his practical experience. 10neeraj singh

11 Offered universal managerial prescriptions  He recommended the selection and training of workers and managers.  He suggested certain qualities of manager’s winch include physical, mental, moral, educational technical and experience. 11neeraj singh

12 Application  Emergence of knowledge society.  Development of socially concerned Humanistic society.  Growing use of innovations and R & D.  Social accountability of business.  Satisfaction of human and social values in man-machine system. 12neeraj singh

13 Evaluation  Fayol’s contribution to management theory is certainly remarkable.  He gave overall concepts of general management and suggested the basic functions of management.  In fact, the 14-principles are the outcome of his long experience as a practicing manager.  He also advocated the use of organisation charts. 13neeraj singh

14 Limitations  Stressed a “one best way” way of organizing and managing.  Theory based on intuition and observation rather than on empirical investigation.  Today’s environment are more turbulent and unpredictable.  Too general for today’s highly complex organization. 14neeraj singh

15 Conclusion The management principles suggested by him are universally accepted by modern authorities on management and are treated as valid even to this day. This is because these principles are practical in nature and also result-oriented. These basic principles are useful for effective management of business activities. 15neeraj singh

16 THANK YOU 16neeraj singh

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