Business Principles and Practices (Bpp)

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MODEL ANSWER Name: - Rohit Kumar Shaw Roll No: - 88 Sec: - B Subject: - Business Principles and Practices (BPP) Faculty: - Md. Feroz College: - J.D. Birla Institute (Department Of Management) Q 22. Elucidate Henri Fayol’s Principal Of Management. Ans:- The real foundation of modern management science was laid by Henri Fayol. He believed that there was a “single administrative science” whose basic principles could be used in all management situations. Fayol proposes that all operations in business organization can be classified under six headings:- i) Technical, ii) Commercial, iii) Financial, iv) Security, v) Accounting and vi) Administrative. Fayol’s Administrative Therory Management Skills, Physical, Mental, Moral Education, Technical Experience Principles Management Functions Of Management Organise Command Administrative 1.Division of work Forecast and Plan Management Authority Co-ordinate Responsibility Control Discipline 2.Unity of command Business Activity

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