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fayolism : is the name for a school of thought named after Henri Fayol (1841-1925), a French business executive famous for turning companies around from the brink of bankruptcy, and there exists a Fayol Society which has collected 14 of his management principles. Although Fayolism existed about the same time as the Era of Scientific Management, it is a different approach which focuses on positions (administration) rather than people (administrators).
The text above is copied from http://faculty.ncwc.edu/toconnor/417/417lect04.htm
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