Henri fayol definition of management

Henry Fayol was a French engineer and researcher known for having formulated the Classical Theory of Management. This theory, also known as Fayolism in honor of its author, became the basis of modern methodology in organizations and companies. His business management model, along with other ideas on the subject, appeared in his book, Industrial and General Administration, published in In this work, Fayol explained his thoughts on the principles of administration and its functions.

In addition, it also made fourteen points that should govern the principles of administration. The author, born in Constantinople, now Istanbul Turkey , into a French family, studied in the country of origin of his parents. Upon completion, he began working at the Commentry-Fourchambault Company, a mining and metallurgical company.

Henri fayol 14 principles of management with examples

Fayol continued his entire life in the same company, reaching the position of CEO. His theory of administration is based on three main aspects: the division of labor; the measures that are applied in the administrative process; and in formulating the appropriate technical criteria to guide the administrative function. He was also the creator of several terms related to his specialty that are still being used today.

His family was of French origin and wealthy. Henry and his family returned to France in , where Henry received an education commensurate with his good social standing. At age 19, in , Fayol obtained his degree as a mining engineer. Henry Fayol started working in at a prestigious French mining and metallurgy company: the Commentry-Fourchambault Company.

His first tasks were related to the extraction of coal and the processes used to melt iron. The Commentry-Fourchambault Company was the only company that Fayol worked for in his entire life. At first, his role was that of an engineer, but his good work allowed him to rise over the years.