GENERAL KNOWLEDGE

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: -Henry Fayol, also known as the ‘father of modern management theory’ gave a new perception of the concept of management. He introduced a general theory that can be applied to all levels of management and every department.

Detailed explanation-3: -Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling. Henri Fayol theorized that these functions were universal, and that every manager performed these functions in their daily work.

Detailed explanation-4: -Fayol’s administrative management theory can be described as an approach to management and increasing productivity by emphasizing organizational structure and human behavior. Fayol’s theory is grounded in the five functions that represent management: planning, organizing, command, coordination, and control.