Henri Fayol was a key figure in today's management theory. Fayol laid down the following principles of management: 1.Specialization of labor- Specializing encourages continuous improvement in skills and the development of improvements in methods. 2.Authority- The right to give orders and the power to exact obedience. 3.Discipline- No slacking, bending of rules. 4.Unity of command- Each employee has one and only one boss. 5.Unity of direction- A single mind generates a single plan and all …showed first 75 words of 325 total…

…showed last 75 words of 325 total…to provide it with everything useful to it's functioning such as raw materials, tools, capital, and personnel. 3.Commanding- A manager in command that knows the people he/she works with, understands all of the agreements associated with the firm, and is a good leader. 4.Coordinating activities- Integrating all the actions of the firm to increase efficiency. 5.Controlling performance- Consists of verifying everything that happens is what they had planned to happen and how it happened.