How Relavent Is Fayol's Five Functions Of Management In A Modern Meduim Sized Building Firm?

3336 words - 13 pages

IntroductionHenri Fayol, a French engineer who worked his way up to become the director of mines, published "Administration Industrielle et Generale " in 1916. Constance Sorrs did not translate the publication to English until the 1940s. Fayol was therefore mostly overlooked by the American writers of the time. Fayol was at the forefront of the classical school of management theory, which helped develop the principles of a modern manager.The main points to come out of his publication were his 14 principles of management. That all activities within a firm can fit into six functions technical, commercial, financial, security, accounting and managerial activities.In response to the question "what is managerial activates?" he developed his five functions of management. He believed that these five functions could be taught and were not something that you were born with. So to what extent can a theory on management published almost 100 years ago still be relevant in a modern, medium sized building firm? First we should look at what his five functions are.Fayols five functions of managementFayol defined five functions that any manager must perform. These arePlan and forecastPlanning is the setting out of goals and objectives of the company as well as the employee. The manager must also specify the means to achieving these goals. Forecasting is closely linked to planning and involves making sure your plans take account of what is expected to happen in the future. In today's world forecasting and planning would mean the same thing.OrganisingOrganising involves creating a structure to help achieve these goals and objectives. The manager must determine all the tasks that have to be done and allocate these tasks to the employees. Organising, involves translating the planned steps into a reality through the means of an infrastructure. At this stage it is necessary to assign tasks, to set deadlines, allocate resources, to decide what structures are yet to be created and to whom additional responsibilities should be delegated.CommandingGiving out orders so that the work is done. ( states that commanding is making sure work is done based on commands and obedience to commands. This can be done by the setting out of company rules and regulations.Co-ordinateThis is the binding together, unifying and harmonising all activity and effort. It involves setting the structure of the hierarchy to allow greater communication. It is also making sure that work can progress in unity with other departments. Sometimes unifying different groups of labour can achieve better quality of work.ControlControl involves monitoring performance, comparing performance with goals and correcting the system. Having effective control methods can allow you to make better decisions as your more informed.Background of the firmThe firm I am going to look at for comparisons with Fayols functions is W J Harte Construction. This is a medium sized building firm of about 50...

Find Another Essay On How relavent is Fayol's five functions of management in a modern meduim sized building firm?

The study of management is a new science. When did this start and who were the leading people in developing theories of management? What is the role of management in a modern organisation?

559 words - 2 pages .- Train, teach and develop the worker to follow the defined procedures precisely.- Provide financial incentives to ensure that all the work is done in accordance with the prescribed method.- Shift all responsibility for planning and organising work from the worker to the manager.In the early twentieth century several writers such as Follett and May recognised the limitation of the scientific management perspective as a complete answer. By stressing

Kurt Vonnegut's "Slaughterhouse-Five" A masterpiece of modern writing

2108 words - 8 pages Once in a while, literary work is created that stirs up many minds, seems to never go away. Those books usually speak out about something that is deeply rooted in society; Evil, they speak out against it. One of those works is Slaughterhouse-Five by Kurt Vonnegut. It is a masterpiece of modern writing. As the story in the book unravels, there are several recurrent themes, stated through a variety of literary techniques.The most striking theme is

The Five I's of of Transcendentalism in the Modern Day

1602 words - 7 pages According to the New York Times, teenagers listen to an average of 2.5 hours of music in a singular day. The messages coming through in each song may vary between drug/alcohol reference or transcendentalism. No matter where there is music, there is a lesson to be learned through ideas that Ralph Waldo Emerson and Henry David Thoreau created. Though transcendentalism is a relatively foreign word to most, it can be defined by using five i's

Four Functions of Management

813 words - 3 pages involves a manager using power, influence, vision, persuasion, and communication skills. The outcome of leading function is high level motivation and commitment of employees towards organizational goals. The activities in leading process includes: determine direction, state a clear vision, building trust, and motivation, communication, managing conflict and attaining goals.4. ControllingIn the functional chain of management the final link is

Functions of Management

832 words - 3 pages . All firms are seeking effective managers, and the quality of management is a key element of business success. The four functions of management are essential to building strong teams and stronger organizations. Common to all managers, the four functions are planning, organizing, leading, and controlling. The aforementioned functions of the manager are the activities, which all managers must perform regardless of the industry, the level, the

Functions of Management

1057 words - 4 pages both efficiency and effectiveness. While management is the process of people working together to achieve their common goals, they depend upon the four functions to get these goals met. My organization is a youth center that deals with children ranging from ages five to sixteen years old. We are basically an after school program and open all day when there is no school. While we have anywhere from twenty to seventy children in the building on a

Functions Of Management

1035 words - 5 pages in a concise and organized attempt at achieving those goals. Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organizing, leading and controlling (Table 1). The intended result is the use of an organization's resources in a way that accomplishes its mission and objectives. The four functions of management are essential to building strong teams and stronger

Functions Of Management

1257 words - 5 pages There may be many ways for an organization to become successful but the key to success is not the system of the firm but the character and skills of the individual manager (Maister, 2002). Maister further stated that the character and skill of individual managers who "practice what they preach" and recognize the manager's role in training employees are what's really significant. Management is necessary for a business to function, yet when

Four Functions of Management

753 words - 3 pages and responsibility of each and ever team member. I will define the functions and explain how each function is used at my work place. My role in the functions of management in the work place is a team member where I have a Business Department Chair and my team member and I are the business instructors where we take care of the student who are enrolled in Business Office Applications, Web Design, Business Diploma Programs, and Technical Support and

Functions Of Management

920 words - 4 pages Abstract For a company to be successful management must be efficient and effective. This is dependent on the concepts management uses. Four basic management concepts are used in most companies to help accomplish the goals and objectives within the organization. Despite the implementation of solid management concepts, mistakes are made. Management must strive to learn from mistakes made, concentrating on improving management skills. Functions

Functions of management

1165 words - 5 pages ranking Officer to know what you are doing when it comes to management procedures. There are a few strategies that can ensure the success of a Navy organization, but before considering how employees are managed, it is necessary to consider what the trends are in relation to rules and regulations as well as other parties in the external environment. The major trend in relation to sailors is a focus on equal opportunity. The same approach to building

Similar Essays

The Modern Manager And Fayol's Managerial Functions

2057 words - 9 pages This essay explores the work of a modern manager and further analyses it to understand its relevance with Fayol’s managerial functions. The significance of the economic and technological conditions in the organisation’s general environment upon his work is also subsequently discussed. On top of that, a comprehensive evaluation and comparison between various school of thoughts on the discussed topics will also be presented, fully supported

Explain And Analyze Henri Fayol's Principles Of Management

3232 words - 13 pages perform (Koontz and O'Donnell, 1955, p24). We shall first examine the relevance of Fayol's elements of management in modern day business environment.Fayol regarded the elements of management as functions planning, organizing, commanding, coordinating and controlling. However, these functions have been condensed down to only four basic but very important ones: planning, organizing, leading and controlling (Robbins et al, 2003, p9).Jovi Gan, 19107358

Why Is The Demand Curve Of A Firm In Perfect Competition Perfectly Elastic?

1420 words - 6 pages supplier of the good it produces and a demander of the capital equipment that is required to start up in this industry. A price taking firm has two characteristics, one that no matter how much output it alters the firm cannot change the prevailing market price on that commodity, second that no matter how much capital equipment they demand it will be supplied to them at a fixed market prevailing price. The firms under perfect-competition are all

This Essay Is A Description Of The Functions Of Management; Planning, Organizing, Directing, And Controlling

666 words - 3 pages The Future of ManagementIn the world of business today, a manager's responsibility is to lead an organization's staff to the achievements of previously set goals by planning, organizing, leading, and controlling. The future of management seems to be going in the direction of eliminating leading from the list of responsibilities. The role of leading is more frequently being given to employees. The technique of the "team" approach is being added