Management Hall of Fame: Leading Management Gurus

Henri Fayol
Father Administrative Management School  (1841-1925)

• "To manage is to forecast and plan, to organize, to command, to coordinate, and to control." (Henri Fayol)

Key Work

• Appointed as director of a group of mines.
• Publish General and Industrial Management - Planning. Organization, Command and Control) - Used as a basis for formal management education and training

He developed the "functional principle." which involved the following management lessons:

1. Plan: Prepare yearly and 10-yearly plans, and act on them;
2. Organize: Prepare organizational charts to demonstrate and encourage order
3. Coordinate: Recruit and train carefully to ensure each employee was in the right place
4. Command: Adhere to the principle of the chain of command
5. Control: Arrange regular meetings with heads of departments and divisions to ensure coordination.

First, he divided all organizational activities into six functions:

1. Technical: engineering, production, manufacture, adaptation;
2. Commercial: buying, selling, exchange;
3. Financial: the search for optimum use of capital;
4. Security: protection of assets and personnel;
5. Accounting: stocktaking, balance sheets, costs, statistics;
6. Managerial: planning, organizing, commanding, coordinating, controlling.
   

Books & References:

• General and Industrial Management . Revised by Gray, Irwin. New York: IEEE Press, 1984.
• Brech, Edward. The principles and practice of management . 3rd ed. London: Longman, 1975.

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