The paper "The Management Theories of Henry Fayol " is a perfect example of a management essay. Management is one of the practices which help organizations to improve their performance in the global market. Every organization should consider its management and develop appropriate strategies that will lead to a competitive advantage. In the early years, management had not evolved which implies that organizations difficulty managing their resources which include financial and human resource skills. In this regard, Henry Fayol observed that there were problems in the mining factory, thus there was a need to develop better management techniques so as to eliminate the problems which faced the organization.
Henry Fayol was the core founder of management theories. He was born in the year 1841 and developed a mining factory in late years. He made various contributions to the management of the organization by developing various theories of management (Brunsson 2008). However, his contributions to management have been criticized and some have been modified by other gurus. The principles and ideas presented by Henry Fayol are of great importance to today’ s managers. His contributions have enabled the managers in today’ s society to improve their managerial skills by applying principles such as division of labor centralizing some of the functions in the organization.
In this regard, therefore, this essay will discuss the management theories of Henry Fayol and their applications to current management. Impacts of Henry Fayol’ s concepts/ theories Henry Fayol came up with various theories that are used by the managers today. Some of the concepts of Henry Fayol have been outdated and are not relevant in modern society. However, his contributions have acted as a framework for managers today (Brunsson 2008).
This section will therefore discuss the advantages and disadvantages of theories developed by Henry Fayol to the managers today and their impacts and how the theories can be reviewed differently from today’ s managers. Considering the above contributions of Henry Fayol, the management of many organizations was transformed. In the first place, the productivity of many organizations was improved due to the improved utilization of resources.
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