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1-Management is concerned with achievement of objectives of an organisation. These objectives are achieved through the functions of planning, organising, staffing, directing, controlling and decision-making. The organisational objectives are clearly defined and explained to every employee.
2-As the main functions of management are planning, organising, staffing, directing and controlling; organising cannot be done without doing planning, similarly, directing function cannot be executed without staffing and planning and it is difficult to control the activities of employees without knowing the plan.
3-Key Differences Between Fayol and Taylor's Theory of Management. ... F.W. Taylor laid down the concept of Scientific Management. Henry Fayol emphasized the working of top level management, whereas F.W. Taylor stressed on the working of production level management. Fayol's management theory has universal applicability.
4-It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. By defining objective of organization clearly there would be no wastage of time, money and effort. ...
5-Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling. ... In part, these 14 principles give normative guidance on how managers might master and execute their 5 managerial functions effectively.