Henry Fayol's Four Functions of Management and Its Implementations



Henry Fayol's Four Functions and Its Implementations

Introduction

Today Business management is more perfect than ever before. Managers are now focusing towards the application of their core competencies in their respective fields, exploiting available resources at their best. Managers of early 19th century are striving for meeting targets efficiency; however Henry Fayol clears the scope of action of Management, in accordance with the required dimensions of effectiveness.

Fayol emerged from the shadows of the other functions traditionally neglected. In particular, the classification adopted suggested the idea that the technical function is not necessarily the most important, even in an industrial or "know buying and selling is also important to know how to make." It has been observed that the strategic human resource management involves thinking ahead and scheduling and planning ways for an organization to meet the requirements and needs of its employees and for them to best meet the requirements of an organization. It can have affect in all the way things are done at business, developing and improving each and everything from practices of hiring to training programs of employees to evaluation techniques and discipline.

He highlights the critical areas in which a Manger should show good performance for the achievement of his targets. Henry Fayol is the founder of modern Management theories. Henry Fayol has clearly defines the functions of a modern day manager. Now all modern organizations have identified the importance of Henry's functions, which is clear from their adaption. Although, before the contribution of Fayol functions, Business Management is sufficient enough but Fayol clears all the key dimensions of Business Management, which rises it to its zenith and establishes the profound foundation of modern day management .

Henry Fayols Management Functions

Moreover, according to Fayol, the administrative function, unlike others, is not localized. It is necessary for all services but its importance increases as the hierarchical level rises. Fayol identifies five management functions that are independent of direction, but at the same time associated with other areas of management process. Fayol marked out 4 main functions of management that became universally recognized.

It is necessary to provide a brief introduction of Australian Air Express. It is being considered for observing the effects of application of Henry Fayol's managerial functions. Australian Air Express is a logistics company based in Melbourne, Australia. The company operates within Australia using Pet-Air aircraft, Leased Qantas and National Jet Systems and also the fleet for land vehicles. Australian flag carrier Qantas Airways plans to acquire a local logistics company Australian Air Express to expand the route network of freight. It should be noted that the company also plans to sell a 50% stake in the unit Star Track Australian Public Postal Corporation Australia Post, which will be the majority owner of its stock. Its main base is Melbourne Airport. Australian Air Express in early 1992 as a joint venture by Qantas (50%) and the state-owned postal company Australia Post established (50%). The operation began on the first August ...