Fayol’s 14 Principles of Management Henry Fayol (1841-1925) was a French mining engineer ; director of mines who developed general theory of business administration. He was the most influential contributor to modern concept of management. He proposed the five primary functions of management (Planning, Organising, Controlling, Directing, Coordination). And also given the 14 principles of […]
Category: MBA
Scientific Management – Meaning, Principles, Techniques, Criticism
Scientific Management Meaning, Definitions, Principles, Techniques, Criticism Scientific management was propounded by Frederick Winslow Taylor (1856-1915) who is the father, of Scientific Management. Apart from Taylor other contributors to S.M. include Frank B. Gilbreth , Morris L. Cooke, Henry L. Gantt and Harrington Emerson etc. According to the definition given by F.W. Taylor “ Scientific […]
Planning – Meaning, Nature, Features, Types, Process and Barriers
Planning Meaning, Nature, Features, Types, Process and Barriers Planning Planning involves the determination of future course of action. It is a mental process requiring the use of intellectual faculties, foresight and sound judgement. It is one of the basic managerial functions. Definitions of Planning According to Koontz and 0′ Donnell “Planning is deciding in […]
Job Analysis – Definition, Uses, Process, Techniques
Job Analysis Meaning, Definitions, Important terms, Features, Objectives, Uses, Process and Techniques Meaning Job analysis is a formal and detailed examination of jobs. It is a systematic investigation of the tasks, duties and responsibilities necessary to do a job. Definitions According to US Labour Job analysis is the process of determining, by observation […]