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Henri Fayol (29 July 1841 – 19 November 1925) was a French mining engineer, mining executive, author and director of mines who developed a general theory of business administration that is often called Fayolism. [2] He and his colleagues developed this theory independently of scientific management but roughly contemporaneously.
Fayolism was a theory of management that analyzed and synthesized the role of management in organizations, developed around 1900 by the French manager and management theorist Henri Fayol (1841–1925).
Henrietta Leavitt (mother) [147] Edwin Hubble (father) [147] Monsignor Lemaître is considered "the Father of the Big Bang" and the first to derive what is now known as Hubble's law. Leavitt discovered Cepheid variables, the "Standard Candle" by which Hubble later determined galactic distances. Einstein's general theory of relativity is usually ...
In 1916, Henri Fayol formulated one of the first definitions of control as it pertains to management: Control of an undertaking consists of seeing that everything is being carried out in accordance with the plan which has been adopted, the orders which have been given, and the principles which have been laid down.
Views on the definition and scope of management include: Henri Fayol (1841–1925) stated: "To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control". [8] Fredmund Malik (1944– ) defines management as "the transformation of resources into utility". [9]
Since a Fayol Bridge is not limited to a certain functional area within the organization, but can span over functional boundaries, e.g. from purchasing to manufacturing, it can be considered as a first attempt to create a horizontal integration of related activities under a certain level of self-management, an early business process.
According to Fayol, the five functions of management are planning, organizing, commanding, coordinating, and controlling. Without proper business management, a firm cannot utilize its resources properly so, it is the most important term in running a business firm.
Father/mother Reason Automotive industry: Carl Benz [139] [140] His Benz Patent Motorcar from 1885 is considered the first practical modern automobile and first car put into series production. [141] 20th century American car industry: Henry Ford [142] Noted for introducing a simple and affordable car for the ordinary American masses.