Management Principles Company

Management Principles Comp some(prenominal)Subject principles of earthly concernagement Henri Fayol (born 1841in Constantinople Istanbul died 1925 in Paris). He gradational from the mining academy of St. Etienne (cole des Mines de Saint-tienne) in 1860 as a French engineer. At the age of 19 he first entered into a mining caller- away Compagnie de Commentry-Fourchambeau-Decazeville as an engineer and then later on was k forthwithn to become the managing director of the comp some(prenominal) from 1888 to 1918. It is said that he took everywhere the party as a managing director when the firm was in crisis and was judge to come to a close. Henri Fayol was the man that brought the company from near clo for certain to a boom stage. Fayol was also known to be an observant theorist and did not believe in paper c al i on or mathematics. He plunge discover simple tools and ways to help the histrions to speed up their taxs that would lastly lead to better issue and better overall re sults of the company.Fayol has made 3 key contributions to vigilance. Firstly, he differentiated between technical and managerial skills. Secondly, he constructed 5 principal(prenominal) functions of a manager ( intentionning, organizing, commanding, co-coordinating and controlling).thirdly and the most important he clothe(p) down the 14 principles of management that he estimation were public to all organisations. No doubt due to his great contributions he is rightly named the father of management thought.Fayol laid down the five main principles of a manager / management. This he believed were basic activities that a manager had to perform in accordance to establishing a recognized and competitive firm.The come aftering lines talk rough the five elements of managementPlanning Planning is chalking out a think of action, i.e. the result envisaged, the line of action to be followed, the stages to go through and methods to use. Fayol. (P.C.Jain, C.Sharma, M.Nandrajog, 2003).Fa yol believed that it is needful to excogitation before you start any new venture or project. If the external and internal environment are not properly analyze and excogitations drawn accordingly it is highly unlikely for the project to be a triumph.Organizing organizing is primarily bringing all the resources namely human resources,financial and temporal resources unitedly to build a proper structure. It is mainly identifying in detail the activities and objectives of the plan and accordingly divide the activities in jobs and different sections depending on the nature of the jobs. irresponsible it in the main refers to guiding the employees on how to perform the various jobs or activities. A manager should be able to estimate the efforts or energy of the employees and as a result create harmony and initiative among the twistforce.Coordinating mainly involves the balancing the activities and actions of the workforce to create peace and harmony and bring together the personne l to solve general problems amongst them.Controlling is concerned with ensuring that the goals or objectives of the establishment are met as efficiently and effectively as possible. (P.C.Jain, C.Sharma, M.Nandrajog, 2003). It also involves do sure that the company is going in the right direction as planned and achieving the set goals within the deadlines.However, in the later few age Fayols five elements of management were further expanded by the Ameri arsehole Luther Gulick and Brit Lydnall Urwick into seven elements which are as follows Planning, organizing, staffing, directing, coordinating, reporting and budgeting.Like mentioned supra his most significant contribution to management are the 14 principles. These principles were laid down by Fayol based on his personal experiences and through the reflexion of tasks and activities carried out by the workers. He believed the principles to be flexible and not irresponsible and to be utilized as the situation demands (P.C.Jain, C.S harma, M.Nandrajog, 2003)Discussed below are Fayols 14 principles of management.O Division of work Fayol believed that the work is best carried out when it is carefully divide and single(a)ly person is abandoned their specific divided task to be carried out. It also ensured that the work was carried out effectively and efficiently. The main advantage according to fayol for the division of work was specialisation. He insisted that when a worker carried out a particular task a number of clock he specialises in that work and is the best man for that particular job.O Authority and Responsibility No individual can give his best performance unless he is given the laterality to perform the responsibility he is given. For e.g. if an individual is given the responsibility to organise an event but is not given the chest to select who go away carry out what task then its not possible for the event to be a success as for that to happen he should be given the right to appoint the best man he thinks is right for the job and also sign any necessary ratiocinations that comes along the way. Responsibility is nothing but the responsibleness to carry out any particular task assigned and post is the right to communicate decision in regards to the responsibility. Fayol believed authority and responsibility to be at parity.O Discipline Fayol believed that for at that plate to be discipline in the organisation it was necessary to scram good supervisors at all levels. He did not like the idea of anyone breaking the rules and causing disorder. Moreover he cute there to exist a mutual respect and rationality between the manager and employees of the company where the manager should frivol away decisions keeping in mind the best interests of the employees and in turn the employees respect that decision and work for the betterment of the company.O Unity of command under this principle fayol wanted to insure that a subordinate should get orders from one and further 1 superior. He argued that if a subordinate got orders from more than one superior there was always a risk of excuse and the work not acquire done. To illustrate if a O Unity of direction fayol said that all the activities and tasks that are of the very(prenominal) type or nature should abide the same goals and plans. This means that all tasks of similar nature will have one manager and one objective(P.C.Jain, C.Sharma, M.Nandrajog, 2003) .This will ensure the work path smoothly and help speed up the process. For example fast regimen chain restaurants like McDonaldshave an international mart and each market will differ according to the external environment of that place which will include the religious aspects, legal aspects, technological aspects etc. To elaborate the plan or strategy that works in U.K may not be the same as that of India cause both the countries have different markets and the expectations from the customers may not be the same. So each division must plan accor ding to their external environment.Subordination of individual interests to general interests fayol believed that the interest of the concourse should supersede the interests of the individuals. In addition, the management should ensure that the individual interests merge with the interests of the group.profit fayol observed that fair methods of payment or remuneration motivate the employees to work hard and remain loyal to the company. This also works best in the interest of the employee and the employer.Centralization centralization means that the authority will be in the hands of a few. Fayol did not entirely mean that the company should be centralized but he assumed that the process of decision fashioning should be done by the managers which will reduce the nip on the employees and also mentioned that according to different circumstances the company can determine a centralized or decentralized approach. Fayol basically believed that thought the organisation is centralized it should give the subordinates enough authority to carry out their responsibilities.Scalar chain according to fayol scalar chain is the line of authority or the chain of superiors from the highest to lowest levels. He alleged that if the workers always follow the line of authority it may lead to slow decision making for e.g. if a sales manager wants to get in touch with the merchandising manager regarding some problems they are facing he will have to go through a line of authority which might production time. Fayol suggested that two individuals at the same ranking can communicate with each other without going through the chain of superiors. This breaking of the line of authority was called gang plank by fayol.Order this principle is divided into material and social order. Order simply means that everything should be in its place or a place for everything and everyone. This also emphasizes that the right man should be selected for the right job and at the right time. As it is nicely put order according to fayol was nothing but a place for everything (everyone) and everything (everyone) in its place. (P.C.Jain, C.Sharma, M.Nandrajog, 2003).Equity fayol understood that if the workers were given a fair and mediocre treatment they would be motivated to work hard and give in their finest performance. He believed that employees should not be discriminated on the basis of colour, caste, age, sex, etc. during any activity or circumstances that turn up in the company. perceptual constancy of tenure of personnel according to fayol the unsteadiness of personnel in any organisation is a dreadful sign and goes on to show the incapability of the manager to keep his subordinates satisfied and happy. The instability also proves to be a costly affair for the organization as a whole. If the company wants to be a success it should ensure that the employees are content and are given enough time to adapt to the surroundings and the work place so as to give in their best efforts.I nitiative initiative generally means taking the first step or going against the odds to try out something new. In his principle of initiative that is what fayol suggests. For a company to achieve higher goals it is the duty of the managers to take initiative and undertake the projects which otherwise be ignored due to various reasons. In doing so he is setting a practical example for the subordinates to work hard and take initiatives to bring the company to a competitive stage in the market. odor de corps in simple terms it means team work. Fayol highlighted that the production results of a team or group is always higher than individual potentials. A team together is more daring and willing to take risks. Moreover, they come up with something extra called synergy. Brainstorming can also be a good example. Fayol also emphasized that the manager should make sure that the members of a team are in harmony and are at easy while communicating with each other. Good interpersonal human r elationship among the employees is always a benefit for a company. In spite of Fayols contributions he was highly opposed during his time. The workers went on strike and refused to work until the rules set by Fayol were removed. It was argued that carrying out a task continuously over a period of time which was said to specialise them in that work, as stipulate in his principle of division of work was viewed as rather verbose and tiresome to the workers. They believed that doing the same job over and over again would only make it worse since they would loose the interest. Moreover it could also be godforsaken to those workers who work in coal mines or other dangerous areas. Herbert Simon (1946), a critic, also argued that the principles were vague and contradictory. (Kenneth J. Meier, John Bohte).Even though, after all these old age Fayol has seemed to make a mark in history by his theories. aline enough that they were not appreciated in those days but his principles have proved very helpful for many theorists to understand the concept of management and how to control and run a successful trade. Many education centres and universities now teach about Fayols principles to help them have a indistinct knowledge about business and guide them through their business carriers. In many leading firms the basic elements planning, commanding, coordinating, controlling and organizing are followed and several principles (division of work, accordance of command, scalar chain etc.) have helped managers to make activities simpler and easier.ReferencesP.C.Jain, C.Sharma, M.Nandrajog, 2003.- business management.http//en.wikipedia.org/wiki/Henri_Fayolhttp//www.analytictech.com/mb021/fayol.htmhttp//www.onepine.info/fayol.htmhttp//www.bola.biz/competence/fayol.htmlhttp//www.12manage.com/methods_fayol_14_principles_of_management.htmlhttp//www.lib.uwo.ca/business/fayol.htmlhttp//www.hrmguide.co.uk/history/classical_organization_theory_modified.htmhttp//www.iim-edu.org/manage mentgurus/Henri_Fayol.htmhttp//www.intute.ac.uk/socialsciences/cgi-bin/search.pl?term1=management+thinkerslimit=0http//212.219.3.14/lrc/checkpoint/THINK/DATA/THK-16.HTM