An Interpretive Analysis of Henry Ford and Henri Fayol

An Interpretive Analysis of Henry Ford and Henri Fayol

Introduction

Management is specifically targeting the activity of people employed in the business, including the creation, control, and continuous adaptation of the rules of conduct (norms, plans, manuals, etc.) in the enterprise (plant, department, and branch) to current needs (Valle, 1995). Management is needed everywhere where people make a team and organize their work to achieve a common goal. The demand for management theory arose in the mid-nineteenth century, when the processes of concentration led to the growth of businesses, and the personal experience of the owner, sufficient to manage a small business, was rendered inadequate to manage large organizations (Golhar, 2000).

Today, management is a distinct field of knowledge that has evolved over the past century and is improving all the time. There are many views on management, which affect the development of this field of knowledge. Perhaps the best known of all precursors modern management, Henry Ford (1863-1947), began life as a simple mechanic, arriving later to be chief engineer of a factory. In that time, imagined and designed a self-propelled model car and in 1899 he founded with some collaborators its first car factory shortly after was closed. He continued his projects undeterred and got the financing which founded the Ford Motor Co., making a model of popular car prices within a sales plan and technical assistance powerful, revolutionizing the business strategy of the time (Lussier, 2009). In 1913 and produced 800 cars per day. Established at a time minimum wage was around $ 5 (U.S. $ 5.00) per day and the daily 8-hour job. When at the time, in most European countries, the daily wage varied between 10 and 12 hours. In 1926, he had 88 plants and employed 150,000 people, making car then 2,000,000 per year. However, had other merits than simply having built the first car large-scale popular and have made ??a fortune in particular by having made a handful of ideas and their own theories about the administration. Henri Fayol (1841 -1925) was a French scientist, by profession a miner. When he was 28 years he was appointed to the economic rescue dig in St-Etienne, where he worked. He managed to lead to a flourishing company. Its success is not determined so much engineering skills as management skills. Thus, for the first time theory was proved through practice undermining the existing, technical approach to filling managerial positions. Henri Fayol argued that “The most important enablement lower management is a technical aptitude, and the most important enablement's manager at the highest level is the administrative aptitude” (Golhar, 2000). This paper will serve as a means of comparing and contrasting “The General and Industrial Management" by Henri Fayol: and "My Life and Work "by Henry Ford, in the light of the five principles of management.

Thesis Statement

This paper is aimed at comparing and contrasting “The General and Industrial Management" by Henri Fayol: and "My Life and Work "by Henry Ford ...