HSC Business Organization & Management 2nd Paper 2nd chapter Note Principles of Management
HSC Business Organization & Management 2nd Paper 2nd chapter Note Principles of Management. Thanks to scientists like Henri Fayol (1841-1925) the first foundations were laid for modern scientific management. These first concepts, also called principles of management are the underlying factors for successful management. Henri Fayol explored this comprehensively and, as a result, he synthesized the 14 principles of management. Henri Fayol ‘s principles of management and research were published in the book ‘General and Industrial Management’ (1916).
HSC Business Organization & Management 2nd Paper 2nd chapter Note Principles of Management
As there is no universally accepted definition of management, it is difficult to define it. But a simple traditional definition defines it as the “art of getting things done by others”. This definition brings in two elements namely accomplishment of objectives, and direction of group activities towards the goal. The weaknesses of this definition are that firstly it uses the word “art”, whereas management is not merely an art, but it is both art and science. Secondly, the definition does not state the various functions of a manager clearly.
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