BBA-N106_Presentation6 Contributionof Henry Fayol.pptx

Management

1. BBA-N106/ Unit-I 1 Subject Name :-Fundamentals Of Management Subject Code :- BBA-N106 Unit No .:- 1 Lecture No .:- 6 Topic Name :- Contribution of Henry Fayol Mr.Shubham Nigam SRMSBS

2. Content 1:- Introduction 2:-Activities of Industry 3:- Principles 4:- Difference between Fayol and Taylor BBA-N106/ Unit-I 2

3. “To manage is to forecast and plan, to organize, to command, to coordinate and to control. To foresee and plan means examining the future and drawing up the plan of action.” – Henri Fayol BBA-N106/ Unit-I 3

4. Henry Fayol (1841 -1925) was a French mining engineer who turned into a leading industrialist and a successful manager. He was a mining engineer in a French mining company and rose to the position of the Chief Managing Director. In 1916 he published his book “ Administration industrielle et générale ” (in English “ General and Industrial Administration ”), which was founded on personal experience with the job of manager. BBA-N106/ Unit-I 4

5. Fayol’s 6 Activities of Industry BBA-N106/ Unit-I 5

6. Types of Operations For Fayol any organization can be subdivided into six types of operations. 1.Technical Operations (production, manufacturing, transformation) 2.Commercial Operations (purchases, sales, exchanges) 3.Financial Operations (seek for capital and finance management) 4. Security Operations (protection of goods and people) 5.Accounting Operations (balance, P&L, cost control, statistics, etc) 6. Administrative' Operations (Management) BBA-N106/ Unit-I 6

7. Elements of the Management Process By Henri Fayol Planning Organizing Commanding Co- Ordinating Controlling BBA-N106/ Unit-I 7

8. Principles Division of work: Reduces the span of attention or effort for any one person or group. Develops practice or routine and familiarity. Authority: The right to give orders. Should not be considered without reference to responsibility. BBA-N106/ Unit-I 8

9. Principles Discipline: "Outward marks of respect in accordance with formal or informal agreements between a firm and its employees”. Unity of command: "One man one superior”! Unity of direction: "One head and One plan for a group of activities with the same objective”. BBA-N106/ Unit-I 9

10. Principles Subordination of Individual Interests to the Common Interest: "The interests of one individual or group should not prevail over the general or common good”. Remuneration of personnel: "Pay should be fair to both the worker as well as the organization”. BBA-N106/ Unit-I 10

11. Principles Centralization : "Is always present to a greater or lesser extent, depending on the size of the company and the quality of its managers.” Order : "A place for everything and everything in its right place; ie . The right man in the right place.“ Equity : "A combination of kindness and justice towards employees." BBA-N106/ Unit-I 11

12. Principles Scalar chain : "The line of authority from top to bottom of the organization." BBA-N106/ Unit-I 12

13. Principles Stability of personnel tenure : "Employees need to be given time to settle in to their jobs, even though this may be a lengthy period in the case of some managers.“ Initiative : "Within the limits of authority and discipline, all levels of staff should be encouraged to show initiative.“ Esprit de corps (Union is strength): "Harmony is a great strength to an organization; teamwork should be encouraged." BBA-N106/ Unit-I 13

14. Criticisms Some of the concepts have not been properly defined. Lack of Empirical Evidence. Loss Appropriate in Today’s Environment. Objections on Universality . BBA-N106/ Unit-I 14

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16. Suggested Questions Q1. Elaborate 14 principles of management given by Henry Fayol. Q2. State the difference between Henry Fayol’s and F.W Taylor’s Management. BBA-N106/ Unit-I 16

17. References Reference Books:- i ) Management Principles and Practice By – R.Srinivasan and S.A Chunawalla ii) Essentials of Management By Harold Koontz and Heinz Weihrich BBA-N106/ Unit-I 17

18. BBA-N106/ Unit-I 18 Thank You