Fayol, General and Industrial Management, 1949. What is the management school of thought?
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The management school of thought, as outlined by Fayol in his book "General and Industrial Management," is based on the principles of management that he believed were essential for effective organizational functioning. These principles include functions such as planning, organizing, commanding, coordinating, and controlling. Fayol emphasized the importance of a clear organizational structure, division of labor, unity of command, and effective communication in achieving organizational goals. He also stressed the need for managers to possess certain qualities such as leadership, decision-making skills, and a sense of responsibility. Overall, the management school of thought focuses on the systematic and rational approach to managing organizations in order to achieve efficiency and effectiveness.