Henry Fayol The Father Of Modern Management Theory

Henry Fayol: The Father of Modern Management Theory Isaac Newton is said to have written â€Å"If I have seen further it is by standing on the shoulders of giants.† Just as the field of physics has ‘giants’ such as Newton himself and Albert Einstein, the by comparison the field of management theory has ‘giants’ such as, Jules Henri Fayol. Fayol the theorist of modern management, Fayolism. Henri Fayol is an important figure in American History because respectively, his theories have been applied, tested, and improved upon over the past century by countless academics, managers, and organizations. The Life of Fayol Fayol’s theories of management evolved from his own achievements and experience. Fayol born, 1841 Istanbul, Turkey, his mother Eugenie and his father Andre, an engineer, serving in the French military. The family lived in Turkey until the father’s military service was complete (Wren, 2009). Fayol was well educated, he attended the polytechnic school elementary school, Lycee Imperial high school and attended the National School of Mines, Saint Etienne (Wren, 2009). He graduated from mining school top of his class in 1860, and started working at Commentry-Fourchambault, a steel mill and coal field company (Wren, 2009). Fayol spent his entire career 1860- 1866 working for Commentry-Fourchambault, he became a manager at age 25, and CEO at age of 31 (Wren, 2009). During Fayol’s tenure he brought the Commentry-Fourchambault company, from almost bankruptcy to on the mostShow MoreRelatedClassical And Modernist Approach Of Business Organization Essay156 7 Words   |  7 Pagesbusiness organization. Both these theories are very important for an organization to run smoothly. It actually give the managers the base to make the managerial decisions. Classical theory talks about the Henry Fayol’s principles of organization and the modernist theory explains the logical reasons for the making the decision. This essay also contains the information if the logical and modern theories are applicable in the present time. Few aspects of these theories are accepted and few are not validRead MoreManagement Thoughts and Theories1727 Words   |  7 PagesMANAGEMENT THOUGHTS AND THEORIES The industrial revolution, which began in Europe in mid-1700s, was the starting point for the development of management concepts and theories. PRECLASSICAL CONTRIBUTORS TO MANAGENENT THOUGHT Name Period Contribution Robert Owen 1771- 1858 Proposed legislative reforms to improve working conditions of labor Charles Babbage 1792-1871 Advocated the concept of ‘division of labor; devised a profit-sharing plan which led to the modern-day Scanlon Plan AndrewRead MoreFayols Management Functions and Its945 Words   |  4 PagesFayol’s Management Functions and its Relevance Today According to Henri Fayol, ‘planning, organising, co-ordinating, commanding and controlling’ (Fell 2000, p. 345), are the core functions behind successful management. At present, these functions have been condensed to four: plan, lead, organise and control. There is great debate as to the relevance of these functions in modern management theory. Fells (2000, p. 345) maintains that these functions have ‘stood the test of time’; and are ‘appropriateRead MoreAn Inquiry Into The Nature And Causes Of The Wealth Of Nations1169 Words   |  5 PagesManagement has not always been the way it is as of today. There were many people that warped and shaped the ideals of management throughout history. A few of those people are Adam Smith, Henry Fayol, Mary Parker Follett, and Henry Gantt. We see many of their principles and theories in modern management techniques. I have personally seen their effects in my management experiences. Another company that has great mana gement ideals is Zappos. The Industrial Revolution began around 1760. Shortly afterRead MoreHenry Fayol Theories And Principles1402 Words   |  6 PagesHenry Fayol theories and principles in nowadays management Henry Fayol has come to be recognized as the founding father of the classical management theory during the XX and XXI century. His theories, which are very famous all around the world, have been over the years the framework in the development of what is known as modern management. According to Van (2011) â€Å"Fayol gained world-wide fame for his 14 general principles of management. He distinguished six general activities for industrial enterprises:Read MoreHenry Fayol3409 Words   |  14 PagesRevolution of the 19th Century had paved the way to the development of organized systematic approaches to management. One of the most influential contributors to the management theory is Henry Fayol. He was the first management theorist who used the term ‘administration’. His theory is generally understood as administrative management theory or Fayolism. In his theory, he focused on the top-level management and managers’ actions, divided the activities of an organization into 6 groups and identified 6 managerialRead MoreHuman Relations Movement1552 Words   |  7 Pagesof the classical and scientific management in the industry today. This approach raises some important questions about what are the keys function of the classical-scientific management theory, and the contrast of the worker in the classical-scientific and behavioral management. Some additional points need to be considered such as the Hawthorne studies and also the most important aspect covered is the Industrial Revolution that had the biggest influence on management. The Industrial RevolutionRead MoreCharles Fayol And Max Weber Relevant Today s World1303 Words   |  6 PagesManagement theories are forever changing due to changes in the corporate environment, but â€Å"are the early management theories espoused by such proponents as Henri Fayol, Mary Parker Follett and Max Weber relevant in today s world?† All three of these historical figures were pioneers in management early in the 20th century, all came from extremely different backgrounds and even continents. They had very different priorities when it came to management, starting with Henri Fayol. Fayol was a FrenchRead MoreDiscuss How Management Theory and Practice Has Changed over Since the Early 1900’s1408 Words   |  6 Pagesevolution of management has been changed a lot since the early 1900’s. Many different management theories have been developed, the external factor also changing at the same time, such as the technology and the nature of career. Those cha nging influence the trend of management method. There are four major approaches in the past, classical approaches, behavioral approaches, quantitative approaches and modern approaches. At the past, efficiency is the most important in the earliest management theories. HoweverRead MoreEssay on Evolution of Management649 Words   |  3 Pagespast hundred years management has continuously been evolving. There have been a wide range of approaches in how to deal with management or better yet how to improve management functions in our ever changing environment. From as early as 1100 B.C managers have been struggling with the same issues and problems that managers face today. Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences. The evolution of management though the decades