Henry Fayol's Principles Of Management

Part I of Essay
In order to answer this question it’s first of all necessary to determine what management really means. Unfortunately management is not simply a term that can be described explicitly. Management is much more interdisciplinary and therefore it’s nature rather variable. But ....

Part II of Essay
.... and to search for common features applicable for a majority of managers in businesses. Just for the only purpose to find out and determine why managers are really needed in organisations. One of the very first and probably one of the most quoted classical writers is Henry Fayol. He basically tried to analyse activities within industrial organisations into 6 groups: technical – production, manufacture, etc.; commercial – buying, selling; financial raising and using capital; security – protection of property and people; accounting- stockt ....