In: Operations Management
Which classical theories of organization do you relate to the most? Why?
Plese provide a rference
Administrative management is a famous classical management concept developed by Fayol in the year 1916. He was a senior manager. He has formulated this concept on the basis of personal experience. The concept embodies business management & general management. His chief focus was on 'management'. He presented 6 functions & 14 managerial principles in his theory. The 6 managerial functions are –
This theory is quite popular & is presently implemented in big firms . This is also effectual in the army force. Managerial functions formulated by H.Fayol are utilized in all enterprises & all organizations. The 6 functions are lessened to 4, which are running even now. These are- planning; organizing; leading; controlling. Providing the right authority & accountability is also practiced in the entire world. This depicts the strength of this administrative theory. Sadly, the Management Matrix has ignored 2 principles of unity of direction & unity of command.