Answer» - Henri Fayol was a French engineer and an industrialist. He contributed much in the management thoughts and principles.
- In 1961, he gave 14 principles of management. He presented these principles in his book ‘Industrial and General Management’.
- For better management, ease and clarification of these 14 principles he divided activities of industrial units in 6 parts.
The six parts are: | Industrial activity | Inclusions | | (1) Technical activities | These activities include factory machineries and activities related production. | | (2) Commercial activities | Activities like purchasing, sales, exchange of units | | (3) Financial activities | Activities like procurement of capital, use of capital, fund maintenance, re investment | | (4) Safety activities | These include safety of employees, safety of assets, safety of goods (raw materials) | | (5) Accounting activities | These include financial statements and performing necessary statistical analysis | | (6) Management activities | These include planning, organization, direction, co ordination control activities |
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