Henri Fayol(redirected from Fayol's principles)
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A French mining company manager who devised one of the first systematic management systems. Fayol asserted that management had six goals: forecasting, planning, organizing, commanding, coordinating and controlling. He argued that employees must be expected to follow rules, but managers must compensate them appropriately and treat them fairly. According to Fayol, both employees and employers must subordinate their individual goals to those of the whole company. He lived from 1841 to 1925.