Principles of Management - Quick Revision Sheet
Quick revision
People and ideas
| Person | Remember for |
|---|---|
| Henry Fayol | Father of Modern Management; 14 principles; to manage is to forecast, plan, organise, command, co-ordinate and control |
| Peter F. Drucker | Management as a multipurpose organ; three jobs |
| Louis A. Allen | Definition of a professional manager |
| F.W. Taylor | Scientific management; five principles |
Key facts
- 1951: specialised management schools begin offering master's degrees.
- 4 Ms: men, machines, materials, money.
- Twin purposes: maximum productivity, maximum human welfare.
- Cyclical process: planning-action-control-re-planning.
- Administration: top level, policy formulation, legislative and determinative.
- Management: middle and lower level, policy implementation, executive and governing.
- Rule of thumb: decisions by personal judgment.
- Centralization: decision authority concentrated at the top.
- Scalar chain: line of authority from top to bottom.
- Esprit de corps: team spirit.
- Wide span: fewer levels, flat. Narrow span: more levels, tall.
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