For the French singer, see Lily Fayol. French mining engineer, mining executive, author and director of mines who developed general theory of business administration that is often called Fayolism. He and his colleagues developed this theory independently of scientific management but roughly contemporaneously. Like his contemporary, Frederick Winslow Taylor, he is widely acknowledged henri fayol principles of management pdf a founder of modern management methods.
Fayol was born in 1841 in a suburb of Istanbul. Galata Bridge, which bridged the Golden Horn. The family returned to France in 1847, where Fayol graduated from the mining academy “École Nationale Supérieure des Mines” in Saint-Étienne in 1860.
In 1860 at the age of nineteen Fayol started working at the mining company named “Compagnie de Commentry-Fourchambault-Decazeville” in Commentry as the mining engineer. During his time at the mine, he studied the causes of underground fires, how to prevent them, how to fight them, how to reclaim mining areas that had been burned, and developed a knowledge of the structure of the basin. In 1888 he was promoted to managing director. During his time as director, he made changes to improve the working situations in the mines, such as allowing employees to work in teams, and changing the division of labor.
Later, more mines were added to his duties. Eventually, the board decided to abandon its iron and steel business and the coal mines.
They chose Henri Fayol to oversee this as the new managing director. Upon receiving the position, Fayol presented the board with a plan to restore the firm. The board accepted the proposal. Based largely on his own management experience, he developed his concept of administration.