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Henry Fayol And Frederick Winslow Taylor’s Contribution To Management Thought: An Overview

4985 words - 20 pages

ABC Journal of Advanced Research, Volume 1, No 2 (2012) ISSN 2304-2621
Asian Business Consortium, USA | ABC-JAR Page 32
Henry Fayol and Frederick Winslow Taylor's Contribution to Management Thought: An Overview Md. Hasebur Rahman
Lecturer, Department of Business Administration, Pabna University of Science and Technology, Bangladesh
ABSTRACT Henry Fayol and Frederick Winslow Taylor made outstanding contribution to development of management thought. Fayol wrote as a practical man of business reflecting on his long managerial career and setting drown the principles he had observed. He clearly specified the functions of management by a systematic analysis of management process. This isolation and analysis of management as a separate discipline was his original contribution to the body of management theory. He was father of management principles many of which have stood the test of time. Frederick W. Taylor was a pioneer who propounded principles of Scientific Management. Taylor worked in different capacities in steel industry saw the urgent necessity for elimination of wastages rampant in industrial organization. He observed that the only way to attract wastages and achieve efficiency to apply method of science to the field of management. They both applied scientific methods to the problems of management. Their work was essentially complementary; different in their approach was merely reflection of their different careers. If we call Taylor the ―Father of Scientific Management‖, it would be fair to describe Fayol as the ―Father of Management‖. Key words: Management thought, scientific management, management principles, Henry Fayol, Frederick Winslow Taylor
1 INTRODUCTION Fayol's pride of place in management due to his principles of how to manage, as to his famous definition of management. Fayol's theoretical analysis of management withstood almost a half-century of critical discussion. There have been few writers since who have not been influenced by it; and his five elements have provided a system of concepts by which managers may clarify their thinking about what is they have to do. Fayol's valuable concepts in management can be incorporated usefully in present-day analysis of management science. His emphases on unity of direction and command, non-financial incentives, decentralization, coordination have greater relevance even today. Frederick Winslow Taylor contributed a number of principles and features of management thought that adhered to his new concept of approaching management thought scientifically. Scientific Management tries to increase productivity by increasing efficiency and wages of

ABC Journal of Advanced Research, Volume 1, No 2 (2012) ISSN 2304-2621
Asian Business Consortium, USA | ABC-JAR Page 33
the workers. It finds out the best method for performing each job. It selects employees by using Scientific Selection Procedures. It provides Scientific Training and Development to the employees. It believes in...

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