Henri Fayol and Frederick Taylor

Henri Fayol Theory

Division of Work: - Work should be divided into small task/jobs. A trained specialist who is competent is required to perform each job. Thus division of work leads to specialization. This increase the effectiveness and efficiency in the work performance. Collectively they achieve the targets of the company. For example in a hospital neurosurgeon is concerned with nervous system whereas heart surgeon is concerned with respiratory system. Authority and Responsibility: - Great power comes with great responsibility. There should be balanced between authority and responsibility. An organization should build safe grad against misuse of managerial power and irresponsibility during the work. Discipline: - Discipline is systematic instruction in the organization for proper working. According to the Henri Fayol discipline requires good superior at all level, clear and judicious applicable of penalties. Suppose management and executive entered in the agreement where managem

Feature / Nature/ Characteristics Of Planning

Definition of Planning: According to koontz and O ’ donnell ,” Planning is deciding in advance what to do, how to do it, when to do it, and who is to do it.” Feature / Nature/ Characteristics Of Planning 1) Planning contributes to objectives : - Planning always starts with the determination of objectives. We cannot think of planning in absence of objective. After setting up an objective, planning decide the methods, procedure and steps to achieve those objectives. For an example if an organization has the objective of manufacturing 1500 washing machine in a month, then organization need to plan their activities according to the objective, to achieve their target in desired month. 2) Planning is primary function of management : - The primary or first function of every individual organization is to do planning. No other function can be executed by the organization without performing planning. Because the basic function of planning is to set up an objective, and ot

Importance Of Management

After understanding that management is a universal activity, we now examine some of the reasons that have made management so important: 1) Management helps in achieving group goals: Management helps in achieving the group goals by encourage initiative. The Manager should encourage group effort, coordinate, direct and control resources in such a manner that enterprise work towards achievement of pre-determined organizational goals. 2) Management Increase efficiency: The aim of Manager is to reduce cost and increase productivity through effectively utilization of all the physical & human resources. Management also encourages innovation in the organization. Innovation brings changes and makes the organization more efficient and competitive. 3) Management creates a dynamic organization: All Organization has to function in an environment which is constantly changing. With the change is external environment, the initial co-ordination of organization must be changed. Mana

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