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Fayol has been regarded by many as the father of the modern operational management theory, and his ideas have become a fundamental part of modern management concepts. Fayol is often compared to Frederick Winslow Taylor who developed Scientific Management. Taylor's Scientific Management deals with the efficient organization of production in the context of a competitive enterprise that is concerned with controlling its production costs.
I think this require a clear and comprehnsive coverage:
Henry Fayol () The pioneer to develop the Modern theory of Management by contributing his “Principles of Management”
Fayol's principles are listed below:
1. Division of Work
2. Authority .
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual Interests to the General Interest
7. Remuneration
8. Centralization
9. Scalar Chain
10. Order
11. Equity
12. Stability of Tenure of Personne
13. Initiative
14. Esprit de Corps
Fayol's Six Functions of Management
1. Forecasting.
2. Planning.
3. Organizing.
4. Commanding.
5. Coordinating.
6. Controlling.
Henry Fayol : Classified the Business and Objectives(Technbical/Functional/Financial/Security-wise/Activity-wise/Managerial wise)—Clearly Defined the Functions of Management—Formulated the Principles of Management.
Henry Fayol by clearly defining these principles which strongly put a base for the Modern School of thought on which lines the Scientific Management Theory of Management and are considered as the Structures to the Modern Theory and F W Taylor is the prominent developer of Fayol’s defined basic principles and Functions,
Keeping in view of the findings of Fayol..........
F W TAYLOR () developed his Scientific Management Theory :
1. Fw Taylor believes that there is a science for doing each job
2. Recommended the replacement of Scientific Methods Instead of Rule of Thumb
3. He believes there is one best way of doing a given job under any circumstances
4. He defined Management as the art of Knowing Exactly what you want men to do and see that they do it in the Best and Cheapest way.
The main elements of his findings are: Work Study—Use of Standard Tools and Equipments—Scientific selection and Placement of the Work Force—Training the workers properly—Introduction of Functional Foremanship—Introduction of Costing System—Mental revolution of the workforce.
In short F W Taylor declared one Innovative way and to do the things Scientifically, what Fayol was in his mind Taylor put this into practice with Innovative and Scientific Thoughts.
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