It is known as the administrative theory of the 14
Principles of Management. Fayol's "14 Principles" was one of the initial
theories of management to be shaped, and remains one of the most widespread.
He's well-thought-out to be among the most influential contributors to the
modern concept of management, even though people don't discuss about "The
14 Principles" frequently today. The theory falls in the Administrative
Management school of thought as contrasting to the Scientific Management School
shaped by Fredrick
Taylor.
