Management Theories and Organizational Functions Explained
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Management Theories and Principles
Key Figures in Management
Taylor: American industrial engineer who applied the scientific method to human work, aiming to achieve cooperation between workers and management. He advocated for a clear division between management and workers and providing a stipend.
Fayol: French engineer and economist known for principles such as division of labor, authority and responsibility, discipline, unity of command and direction, and subordination of particular interest to the general team spirit.
Core Management Functions
Planning
The objective is to decide what to achieve, including actions and responsibilities. Key steps include:
- Determine the mission and the main objectives.
- Develop the strategy.
- Implement the plan.