Management in organizations is a dynamic discipline. Many had been trying means and ways to improve or invent management methods for the betterment and ease of managers. Old ideas are revisited and new ideas are churned out to come out with more effective management concepts and practices.
Many of these current management concepts and practices, in fact, can be traced back to early management theories. One prominent management pioneer behind the general administrative approach was Henri Fayol. He was the key figure in the turn-of-the-century Classical School of management theory with his own development of a universal set of four management functions thats consist of Planning, Organizing, Leading (Commanding and Coordinating) and Control, which is seen very much applicable in today's business world.
Fayol's 14 principles of management are also linked to his four functions to assist managers to manage effectively. His principles of management are as follows:
2. Authority and responsibility
4. Unity of command
5. Unity of direction
6. Subordination of individual interest to general interest
7. Remuneration of personnel
9. Scalar chain
12. Stability of tenure of personnel
14. Esprit de corps.
Although there is still a great deal of validity of Foyal's principles in current management practices, there are still some principles which might be too general and thus become inapplicable to certain cases, in other words, it is not tailored to suit every businessmen's management strategy. Four principles (Authority,
2. Four Principles to Illustrate the Relevancy Today
"Authority is the right to give...