This article throws light upon the three main steps involved in the process of control in an organisation. The steps are: 1. Establishing Standards 2. Apprising Performance 3. Taking Corrective Action. Step # 1. Establishing Standards: A standard acts as a reference line or basis of comparison of actual performance in the organisation. Standards in enterprise should be set precisely [...]
Read this article to get important notes on Henri Fayol's Fourteen Principles of Management ! Based on his vast and rich experience as the chief executive of a French mining company in France, Henri Fayol (1949) developed his fourteen principles of management during the same time period as Frederick W. Taylor. The basic difference between Tayor and Fayol's principles of [...]
Henry Fayol’s Contribution to Management! Henry Fayol (1841-1925) started his career as a junior engineer in a coal mine company in France and became its general manager in 1880. […]