![]() Strengths Some elements of the Fayol’s theory continue to have a positive impact on the culture of a functional unit. ![]() The second aspect of Fayol’s classical theory focuses on the fourteen principles of management which include unity of direction, division of labor, order, span of control, authority and responsibility, discipline, remuneration of personnel, equity, tenure stability, subordination of individual interests over general interests, initiative and Espirit de Corps (Anapkumar 2005). This paper analyses Fayol’s theory and its impact on the current market place.Fayol’s Classical Management Theory The elements of management as proposed by Fayol include planning, organizing, command, co-ordination and control (Morgan 2006). Ical Theory Management Introduction Fayol’s ical theory on management is primarily focused on two perspectives of management elements of management (deals with what managers should do) principles of management (enactment of those elements). ![]()
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