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What is Henri Fayol's relevence in today's management practices?
Wiki User
∙ 15y ago
# Planning # Organizing # Commanding # Coordinating # Controlling His suggestions are still valid and are the starting point for many modern day theories; many of who take his list and Modify it slightly.
Wiki User
∙ 15y ago
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Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
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Explain why you think effective time management is important in business management?
Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
How helpful are the management theories to todays managers?
Management theories are very helpful - as more theories come out it becomes more apparent that there is no single theory - and that every approach has its time and place.
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There are many examples and applications when talking about scientific management theories that still linger around in today's organizations. The main one mentioned in a lot of organizations still is called F.W. Taylor's scientific management theory.
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