What are the theories of management?

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Ray Dart Profile
Ray Dart answered
This from the wiki entry on Henri Fayol, reckoned to be the "father" of modern management techniques, and widely studied at business school.

Fayol put forward the following as functions of management:
  1. forecasting
  2. planning
  3. organizing
  4. commanding
  5. coordinating
  6. monitoring
He put the principles of management as follows;

  1. Division of work. This principle is the same as Adam Smith's
    'division of labour'. Specialisation increases output by making
    employees more efficient.
  2. Authority. Managers must be able to give orders. Authority
    gives them this right. Note that responsibility arises wherever
    authority is exercised.
  3. Discipline. Employees must obey and respect the rules that
    govern the organisation. Good discipline is the result of effective
    leadership, a clear understanding between management and workers
    regarding the organisation's rules, and the judicious use of penalties
    for infractions of the rules.
  4. Unity of command. Every employee should receive orders from only one superior.
  5. Unity of direction. Each group of organisational activities that have the same objective should be directed by one manager using one plan.
  6. Subordination of individual interests to the general interest.
    The interests of any one employee or group of employees should not take
    precedence over the interests of the organisation as a whole.
  7. Remuneration. Workers must be paid a fair wage for their services.
  8. Centralisation. Centralisation refers to the degree to which
    subordinates are involved in decision making. Whether decision making is
    centralised (to management) or decentralised (to subordinates) is a
    question of proper proportion. The task is to find the optimum degree of
    centralisation for each situation.
  9. Scalar chain. The line of authority from top management to
    the lowest ranks represents the scalar chain. Communications should
    follow this chain. However, if following the chain creates delays,
    cross-communications can be allowed if agreed to by all parties and
    superiors are kept informed.
  10. Order. People and materials should be in the right place at the right time.
  11. Equity. Managers should be kind and fair to their subordinates.
  12. Stability of tenure of personnel. High employee turnover is
    inefficient. Management should provide orderly personnel planning and
    ensure that replacements are available to fill vacancies.
  13. Initiative. Employees who are allowed to originate and carry out plans will exert high levels of effort.
  14. Esprit de corps. Promoting team spirit will build harmony and unity within the organisation.
thanked the writer.
Tony Newcastle
Tony Newcastle commented
Blimey!
Ray Dart
Ray Dart commented
Blimey indeed, I did all that cr*p at college many years ago - so this time I just wiki'd. Management is really a "seat of the pants" thing anyway - I'll bet that Alan Sugar and Richard Branson never had anything to do with "our Henri".
Tony Newcastle Profile
Tony Newcastle answered
You should practice what you preach.
And if you what you is preach doom and gloom and the imminent end of the world, then when your day arrives, as preached by you, you should disappear in a big cloud of black smoke, and never be seen again. --That's tellin' it to you straight, Mister.

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