EDUCATION (CBSE/UGC NET)

Detailed explanation-1: -Henry Fayol is known as the father of modern management theory. He was an engineer at the Compagnie de Commentry-Fourchambault-Decazeville mining company and worked his way up to become a manager during the peak of the Industrial Revolution in France.

Detailed explanation-2: -Peter Drucker is an influential Austrian-American author, mentor and consultant who is considered the father of modern business management. His innovative thinking has revolutionized today’s theory of business and transformed it into an actionable and ethical discipline used by progressive business leaders worldwide.

Detailed explanation-3: -Henry Fayol is regarded as the “father of modern management”.

Detailed explanation-4: -The modern management theory believes that employees work for numerous reasons, including to achieve satisfaction, happiness and desired lifestyles. With this theory, managers understand employees’ behaviors and needs and can implement strategies to meet those needs and support their skill development over time.

Detailed explanation-5: -Fayol wrote that “an employee should receive orders from one supervisor only.” Otherwise, authority, discipline, order, and stability are threatened. Unity of Direction. Teams with the same objective should be working under the direction of one manager, using one plan.