Task 3. Read the text “Henry Fayol” and translate it.

Date: 2015-10-07; view: 430.

Task 4. Find answers to the following questions in the text and write them down:

1. How is H. Fayol called?

2. When did his monograph appear?

3. Into what six groups are the activities of a business activity divided, according to H. Fayol?

4. Is the formulation of a theory of management essential for effective teaching of the subject?

5. What elements of management and its functions did H.Fayol consider? For what spheres are they relevant?

HENRY FAYOL

(1841– 1925)

The real father of modern management theory is the French manufacturer Henry Fayol. His monograph “Administration Indust­rielle et Generale” first appeared in 1916 in French and was reprinted several times. Fayol set up that activities of a business could be divided into six groups:

· Technical (production),

· Commercial ((buying, selling and exchanging),

· Financial (search for and optimum use of, capital),

· Security (protection of property and persons),

· Accounting (including statistics),

· Managerial (planning, organising, command, coordination, control).

Fayol considered the elements of management and its functions – planning, organising, commanding, coordinating and controlling – and examined them. In his works he pointed out that these principles were relevant not only to business but also to political, religious, philanthropic, military and other undertakings. Since all enterprises need managing, it follows that the formulation of a theory of management is essential for effective teaching of the subject.