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Administrative Management
(Contribution of Henri Fayol)
Henri Fayol was real father of modern Management. Henri Fayol is the French industrialist in 1841-1925. He was a mining engineer in. Henri Fayol spent his entire working career in French industry; French cool and iron combine of commentary fourchambault. Henri Fayol developed a general theory of Business Administration. Henri Fayol was concerned the principles of organization and the function of management. Fayol laid the foundation of management as a separate body of knowledge. He always insisted that if scientific forecasting and proper methods are used in management than company can get satisfactory results. According to Fayol, management was not personal talent; it is a knowledge base skill. Henri Fayols Administrative Management is based on six admin activities. They are-
1. 2. 3. 4. 5. 6.
Technical : Production and manufacture Managerial : Planning, controlling, co-ordination Commercial : Purchasing and selling Financial : Use of capital Accounting : Asset, Liabilities, cost, profits Security : Protection of goods and Person