Henri fayol theory criticism
Henri fayol theory criticism
Henry fayol theory of management.
Henry Fayol’s and the Modern Management Theory
This article provides an overview on Fayol’s contribution to modern management theory.
Almost simultaneously with Taylor, Henry Fayol (1841 – 1925), a French industrialist and manager, developed his theory of management.
He is regarded as the ‘Father of Modern Management Theory’, for he was the first to suggest the functions of management which are recognised as the essential part of a manager’s work by the modern authorities on management.
He was a mining engineer of a large coal mining company and subsequently became its managing director.
Henri fayol theory criticism pdf
When he joined the company, it was almost bankrupt. When he retired after 30 years, the company was among the most successful enterprises with a long history of handsome profits and dividends.
During his successful career he searched for sound management principles.
In 1916 he published his famous work, ‘General and Industr