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Management theories have been laid out by two biggest philosophers of all time. They prepared and proved these theories to be quite effective in different situations. Also, they could easily help managers tackle extremely complex situations and handle business activities in such dynamic environment. Thus, below stated are theories given by Henry Fayol that are quite beneficial for students:
Henri Fayol stated that the focus should be on the whole organisation, rather than focusing on specific areas of the organisation. Therefore, below listed are 14 principles of management theories given by Henri Fayol:
Division of work
Authority and responsibility
Unity of Command
Unity of Direction
Subordination of Individual Interest
Esprit de Corps
Management theory laid out by F.W Taylor is also known as classic management theory which emphasises on efficiency rather than focusing on deviation or little errors.
Thus, below stated are some principles of his theory:
Breakdown Assignments into Sub tasks
Delegate responsibilities and train workers accordingly
Allocate work between managers and employees.
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