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Chapter 18
Theories of management
3.1 Classical theories of management
The classical school of management theories were developed during the Industrial
Revolution of the mid-to-late 1800s and early 1900s. They are largely concerned
with improving efficiency and productivity.
3.2 Fayol – the five functions of management
Fayol suggested that management of all organisations could be split into five broad
areas:
Forecasting
and planning
Controlling Organising
MANAGEMENT
Commanding Co-ordinating
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