preview

Grea Great Ideas

Decent Essays

Management plays a vital role for small companies, large corporations, and any other business type. They help assist in making sure that a task is completed in the correct manner that benefits the company in many matters to include legal. Most who think about management today, assume they have a lot of responsibility, to include the ability to lead with great leadership skills acquired through schooling and knowledge. Fortunately for these leaders, these management skillsets were not just acquired overnight, they were developed and tested over a long period of time through trial and error before being taught at an accredited institution or published for others to utilize. Therefore, there have been many theories and milestones that have developed through time, which have assisted in shaping management into how it functions today. …show more content…

In 1888, a French man named Henri Fayol was a director of a mining company that was going out of business when he changed the company and made it profitable once again (Carpenter, Bauer, Erdogan, 2010, p. 68). Fayol realized that what he had discovered helped him to save his company, so he decided, after retiring, to share his knowledge and tools with other companies if they wanted to also be successful (Carpenter, Bauer, Erdogan, 2010, p. 68). He believed that people did not have the guidelines for proper management, since he had the knowledge he put together what is now known as Fayol’s fourteen principles of management (Yoo, Lemak, Choi, 2006, p. 353). Fayol saw a problem that he could potentially fix, and with that the foundation of proper management skills was

Get Access