Henri Fayol was born in 1841 and he graduated as a mining engineer in 1860 from the National School of Mines at St. Following that, he took up a position as an engineer in Commantry-Fourchambault, a company in the mining industry.
Fayol eventually rose to the position of managing director in 1888 and at that time, the firm was on the verge of bankruptcy.
Although this definition might seem totalitarian, my background in done in the past and it shows that sometimes government decision is not always based on achieving the maximum efficiency.
Government decisons can be influenced by political decision which at the end will result in inefficiency (Schachter, 2007, P. That is why management principles such as Fayol’s 14 principles are required for the manager to have.
We shall first examine the relevance of Fayol's elements of management in modern day business environment.
Fayol regarded the elements of management as functions planning, organizing, commanding, coordinating and controlling.
Further more, it is based on an experience and press stuffs.
Due to main discussions, my assessment can be divided into following Management Principles and Practice Although it is possible to adopt a fairly atheoritical, empirical approach to assessing personality, even psychologists make assumptions or have some preconceptions with regard to the expected outcome and nature of their research.
One must note that the principles of management are like guidelines to refer to rather than rules which must be enforced.
He also identifies five elements of management that all managers perform (Koontz and O'Donnell, 1955, p24).