Mtivational theorist Henri Fayol ( 1841-1925) put forward the argument that management in their daily routine follow five basic principles. These principles are planning, organising, commanding, co-ordinating and controlling. Let us look at each of these principles.
The basic function of management is to plan for the future. To set and reach objectives. To secure and then allocate resources. Planning is fundamental element to management.
The manager may have the plan, but he needs to put the plan into practice and organise the practicality of achieving those plans. This can be from recruiting the right staff, to organising the restructuring of the structure of the company so it operates in an efficient manner.
Leadership is important. Managers must motivate their staff whilst at the same time meet the goals and target that have been set. Motivating staff correctly as we have seen within this website is an important way to help the company achieve and do well.
Put simply, things should work together effectively and efficiently. So a manager when planning the structure of the organisation needs to make sure that different sections work and support each other in helping the firm do well. Also staff should co-ordinate their actives so an ethos and culture of working together for the good of the company is created.
At the end of the day it is management's responsibility that the firm has done well. Managers have to make sure that they meet the planned targets, that the company is on course to do well and if there are any problems sufficient actions plans are put in place to rectify the problem. A good manager will also make sure that the firm has a back-up plan in case of a crisis. In essence he or she needs to make sure they are in control.