Friday, April 5, 2019

Management Theories Of Henri Fayol

Management Theories Of Henri FayolThis scientific approach paved way to rigid alliance to methods and procedures in which planning and control were exclusively in the hands of maintainrs and the workers had no freedom of choice at work. It also led to increased break-up of labour due to its importance on divisional labour. M all of the humankind aspects of employment were ignored and it also led to the beginning of boring and repetitive jobs.Compatibility of Taylors theory in To day propagation gentlemans gentleman+ Selection, training, employee benefits and motivation, which be argonas directly relevant to managing people in todays environment are the major contribution from Taylors theory. They are still practiced today and have been the base of e rattling solicitude field.+ However, Taylorism can non be used astray in todays transmission line environment, where the majority of workforce entails to soft skills. The give way generation formation is majorly into automation and it steers on innovative ideas and logical thinking.Re pennyime stock prices show that apple Inc. beats Microsoft at Change Management. The reasons rear end the stunning turnaround were found to be the failure of imagination and failure to execute at Microsoft Corporation.If you fate to have great people in your company you have to let them make decisions and you have to run by ideas, not hierarchy. Best ideas have to win and good people stay in the company. Steve Jobs, ex-CEO Apple Inc.These innovative ideas and thinking cannot be weighted on any physical scales. They take aim to be recognised and evaluated on human aspects and one cannot evaluate it with a scientific approach of Taylorism.+ Taylors scientific study of the tasks was to puzzle standardization to work and to overcome the inefficiency of workers in almost all of their daily acts. But in todays business world the standardization of work for a position is almost set in all the major companies across the glob e and employees have the choice of adapting and implementing their skills in the best possible way to achieve the goals of the presidency.+ family of work develops hierarchical ground environment. Though it eases employees and managers to concentrate and work in specified areas, it depreciates the growth of organization to run by new-fashioned ideas. Current mart craves for employees who practice multitasking and have the zest to implement new technologies and eliminates employees who perform single specialized tasks in the same old routine.Henri Fayol Father of Administrative Management 1841-1925 musical composition scientific development emphasised principles to improve worker effectiveness, another branch within the classical subjectiveize arose, administrative management, with its main contributor being French industrialist Henri Fayol. He is regarded as the father of administrative management as he proposed fourteen principles of management intended to assist managers in determining what to do to manage an organisation more effectively (Rodrigues, 2001). Fayols ideas are still valid in todays organisations and his definitions of management are widely used in this field of study.Compatibility of Fayols Principles of Management in Todays World+ Today, employees are much oriented towards gainsay and interesting jobs. Though the division of work help employees to specialize specific skills, they seek more thought-provoking opportunity once they expertize on their skills. Also, companies have downsized their staff with people who are multitasking and have the quest to seek beyond their area of expertise. This has helped organizations to stay competitive with best of the employees in the field.+ Though Managers are authorized and majorly creditworthy for a project commencement and its completion, companies rely heavily on employee participation and empowerment for the best outcome.+ intercellular substance organizational structures have ruled over uni directional layout of organization. E really department in an organization are heavily depended on each other and this brings together employees and managers from different departments to work toward accomplishing organizational goals.+ Many of the snobbish organization now practice reward based on performance referred as performance based pay systems. This has motivated employees to bring out the best of their capabilities and potential.+ Hierarchical decision reservation is vanishing in stick in industries. It has been observed that maximum creativity can be obtained with reduction of hierarchical elements and adapting cooperate culture. Industries now counselling on less hierarchical, less formalized and flatter decision making organization structure.+ Commitment of an employee is achieved if the organization unwaveringly considers the interest of the employee. In past employees strived for equity, today organizations provide sense of ownership to their committed employees. + stability of personnel tenure doesnt hold much significance in present organization. Downsizing strategies has flattened numerous middle management positions and enriched lower-level employees job. This has helped in cost cutting and maintaining committed group of employees.The Global recession which afflicted 2008-2012, ILO International Labour Organization predicted that at least 20 million jobs were lost by the end of 2009- mainly in construction, real estate, financial services, and the auto. This huge figure sets an example of the instability of personnel tenure today and that it depends on many factors of which global economic influence on the organization is one much(prenominal) reason.+ Maintaining Esprit de corps is not practical in todays world. Organizations these days hire more and more of temporary and project contractual basis. Moreover, suppression strategies and prospects of staff cuts has tended to lower the employee morale.Fayol was the first to define mana gement which is generally familiar today as prospect and plan, to organise, to command, to co-ordinate and to control. Fayol also gave much of the basic terminology and concepts, which would be elaborated upon by future researchers, such as division of labour, scalar chain, unity of command and centralization.Many of these principles have been absorbed into modern day organisations, but they were not designed to cope with conditions of rapid miscellany and issues of employee participation in the decision making process of organisations, such as are current today in the early 21st century. grievous bodily harm Weber Maximilian Karl Emil Weber 1864 -1920Max Weber, a german sociologist whose bureaucratic studies are found to be very dominant in the present world. Bureaucratic Theory of Management by Weber is said to be the most efficient organizational structure that could be implemented to achieve the best of the organizations goals. Webers bureaucracy was invention of dividing re sponsibility, office staff and accountability.Compatibility of Webers Principles of Management in Todays World+ Bureaucratic organization is a very rigid persona of organization. They are bound by rigid controls and cant find themselves adaptable to changing conditions in the marketplace, labor or legal environment.Vodafone UKs approach to Flexibility ProductivityLooking at the business when I arrived, I realised that while Vodafone UKs products and services remained innovative and competitive, its corporate culture was too rigid for the fast-paced market and too autocratic to attract the best new talent. Guy Laurence, CEO Vodafone UK.Vodafone UK idea was that if the company expects its customers to demoralize its products, it should also be willing to use those products .Vodafone UK reformed their organization by bringing a change in their workplace, and change in their work environment like no assigned offices or desks, no tethered phones or computers, a variety of purpose- built meeting spaces, a tough clean desk and heaps of coffee. The results were immediate and intense from a good reduction in the speed of decision-making, meetings, paper, flights and sales cycle times to a high revenue growth and corporate solutions.+ Though senior level employees in such organizational structures can exercise a great deal of control over organizational schema decisions, front-line employees may receive less satisfaction, as it will make it practically impossible for them to generate the setting of strategic ideas possible in a large, interdisciplinary group. This may result in the increase in turnover rates.+ Webers three types of legitimate rule are traditional, charismatic, and legal-rational authority.Traditional Authority In this system leadershiphip have a traditional and legitimate right to exercise authorities. Such systems are rigid, do not encourage social change, and are found to be irrational and unreliable.Charismatic Authority Authority is wit h leaders who influence others by their mission or vision. It greatly depends on such leaders outlook and is highly tentative. They are liable to mislead the followers to a great extent, if they dont have strong doctrines.The US impact on IraqWebers authority types help to explain the US invading Iraq in March 2003. It was the charismatic authority, personified by US President George W. Bush which lead to this onslaught. He was able to influence the American populace for the spurring to attack Iraq. It is also said that, a majority of Americans were effectively influenced by Bush in some(prenominal) he did. Though there was a confliction in legal as we as charismatic authority internationally, as Bush exhibited international law and the UN by such an illegal act. Even though this invasion was illegal, the international community and legal authority of the UN were not able to enforce international law or to stop the US invasion.Rational Legal Authority Authority empowered by leg al and natural law. This authority has found strong roots in the modern state, city governments, private and universe corporations, and several(a) voluntary associations.Weber as we study was strongly influenced by his mothers moral absolutists ideas and opinions at a very young age. He followed the universal cultural history very closely and also enjoyed reading the classics. The strong roots of his expression of bureaucracy is visible in the fact that he was bored with his secondary education, that he has often described as very unchallenging.ConclusionThe various management principles had been laid down since the posterior part of the 19th century. Applications of the approaches were mostly based on the cultural, political and environmental requirements. The real challenge of implementing the approaches was least witnessed till the late 20th century. The last 10-15 old age leaders and managers involved the importance of Change as a practice. While implementing Change manageme nt within any organization, two factors that seem to be required are Sustainability and Performance Management.Sustainability and the need for changeWhat does our Organization stand for?What are we good at, and do we need to change?How can we change?Will we change our Organization?Managers must evaluate their organizations and business by asking and answering to these questions, if they have a regard to sustain in an era that has been largely influenced by strategic thinking. The 2010 United Nations Global Compact-Accenture CEO study (UN Global Compact and Accenture, 2010) found that 93 per cent of CEOs now believe sustainability will be critical to the future success of their companies. A critical kitty of business leaders, 80 per cent, believes a tipping point will be reached within the next 15 years when sustainability will be automatically embedded in the core business and strategies of most companies, and 54 per cent believe this tipping point could be reached within the next ten years. There is thus a meaning(a) shift in thinking with profound implications for questions of organisational purpose, strategy, brand, competence and culture globally.( diary of Organizational Change Management, Carla Miller, Vol. 25 Iss 4 pp. 489 500, 2012).Performance ManagementIt must be a continuous process and an integrated part of any manager employee relationship. One of the most important aspect of performance management is setting challenging goals. In practice, as we learn goals in a modern world are contextual or situational.Bibliographies ledgersJournal of Organizational Change Management, Carla Miller, Vol. 25 Iss 4 pp. 489 500, 2012Bonini, S., Gorner, S. and Jones, A. (2010), How companies manage sustainability, McKinsey Global Survey ResultsHind, P., Wilson, A. and Lenssen, G. (2009), Developing leaders for sustainable business, Corporate Governance, Vol. 9 No. 1, pp. 7-20.Patrick Hereford, 2003, Case study on The Eurostar and The Channel Tunnel.Mohd Dali Nuradli Ridzwan Shah Bin, Mudasir Hamdi Hakeim, Abdul Hamid Suhaila, 2008, International Journal of Islamic and Middle Eastern Finance and Management in Performance of Shariah compliance companies in the plantation industry, Volume 1 Issue 2.Walid El Ansari, Edward Andersson, 2011, Beyond value? Measuring the costs and benefits of public participation in Journal of Integrated Care Volume 19 Issue 6maria C.A. Balatbat, Cho-Yi Lin and David G. Carmichael, Management Efficiency Performance of Construction Businesses in Australian Data, Sydney, Australia.Conference PaperMichel-Alexandre Cardin, 2009, Case view on the Value of Information and Flexibility in Oil Development Projects, Inspired from the paper by Babajide et al. (2009).Babajide, A. 2001, Real Options Analysis as a Decision Tool in Oil Field Developments. verify of Science Thesis in Systems Design and Management, Massachusetts Institute of Technology, Cambridge, MA. http//ardent.mit.edu/real_options/Real_opts_papers/Babaji de_Thesis_FINAL.pdfBabajide, A., de Neufville, R., and Cardin, M.-A. 2009. Integrated Method for Designing precious Flexibility in Oil Development Projects. SPE Projects, Facilities, and Construction. SPE-122710-PA. (In press posted 19 February 2009).Electronic obtains, Monographs and databasesElectronic BookManshu, 2010, what is IRR and how is it calculated? In InvestmentsSamuel L. Baker, 2000, Perils of the Internal Rate of ReturnA Chapter in a bookChris Hendrickson, 1998, organic Concepts for Owners, Engineers, Architects and Builder in Project Management for Construction http//pmbook.ce.cmu.edu/ Chapter 6 6.5Websites Investopedia What are the disadvantages of using net present value as an investment criterion? Chris Gallant March 27,2006 http//www.investopedia.com/ask/answers/06/npvdisadvantages.aspixzz1pN2Ci2FZ Investopedia CFA level 1 train Guide, Chapter 11, Lesson 11.4http//www.investopedia.com/exam-guide/cfa-level-1/corporate-finance/advantages-disadvantages-npv-net-p resent-value-irr-internal-rate-of-return.aspaxzz1pIdM5VmT.

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