Henry Fayol's The Five Principles Of Management

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Management has become an important factor in society nowadays. The role of management is to utilize the firm’s resources to achieve its objectives, a theorist called Henry Fayol proposed the five principles of management which are planning, leading, organising, controlling and coordinating but these functions are now four which are planning, organising, leading and controlling .These functions are used by managers to achieve their goals and objectives. Henry Fayol is the proponent of the Functions approach. Another theorist called Henry Mintzberg also proposed that there are twelve management roles but these roles where sub divided into three broad categories of managerial roles which are interpersonal roles, informational roles and decisional…show more content…
A leader is the one who has the personality and ability to lead the workers of the organisation to a certain goal. The subordinates are led by the managers in the organisation in order to reach the firm‘s goals, targets ad objectives. A manager should be able to lead people to reach a certain goal. A good leader should always have the following qualities, good communication skills, should be a risk taker, creative and innovative, a quick decision maker, should be a motivator and should be able to switch between different styles of leadership according to the situation faced. Also a leader does not say go he says lets go meaning he works with the staff to reach the certain goals, the subordinates do not work…show more content…
This category includes roles such as the entrepreneur, disturbance handler, resource allocator and lastly negotiator. All of these roles are used in decision making. As an entrepreneur the manager is supposed to be a risk taker in order to improve the current situation and improve management. The manager should be a disturbance handler he should be able to handle conflicts in the organisations, he should help people not to quarrel in the organisation thus there are less conflicts in the organisation. Also the manager should be a resource allocator, he should be able to allocate the organisation’s resources efficiently, he also should be able to apportion the organisation’s costs not wasting resources. The manager should also be a negotiator, he should be able to negotiate with stakeholders of the organisation, and the manger must have bargaining skills. Lastly the manager should be a policy maker he should be able to come up with recommendations and making
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