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Beginning of Paper
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Henry Fayol's Principles Of Management
In order to answer this question it’s first of all necessary to determine what management really means. Unfortunately management is not simply a term that can be described explicitly. Management is much more interdisciplinary and therefore it’s nature rather variable. But ....
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Middle of Paper
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.... – protection of property and people; accounting- stocktaking, balance sheets, statistics; and last but not least managerial.
By tackling the task of analysing managerial activity, he divided managerial activity into 5 elements of management. They basically represent the answer to the question „What has a manager to do?“ They are defined as: to forecast and plan, to organise, to command, to co-ordinate, and to control.
Fayol describes these elements as follows: to forecast and plan- examining the future, setting up objectives and developing a plan of necessary actions tha ....
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SUBJECTS
