Briefly discuss the Industrial Activities of Henri Fayol
Posted by Ripon Abu Hasnat on Monday, May 26, 2014 | 0 comments
Perhaps the real father of modern management theory is the
(French industrialist) Henri Fayol. His acute observations on the Principles of
general management first appeared in 1916 in French, under the little “admistration
industrielte in generale “.
This monograph, reprinted in French several times, was not
translated into English until 1929. No English translation was made or
published in the US until 1949.
Fayol found that industrial activates could be divided into
six groups as shown in figure.
1. Technical (Production)
2. Commercial (buying, Selling and exchanging).
3. Financial (Search for, and optimum use of capital).
4. Security (Protection of property and persons).
5. Accounting (including Statistics).
6. Managerial (Planning, organization, command, contribution
and control).
Henri Fayol pointed out that these activities exist in every
size of business. Fayol observed that first five were well known and he devoted
most of his book to an analysis of the sixth.
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