This article throws light upon the four modern control techniques used in an organisation. The modern control techniques are: 1. Network Techniques-PERT, CPM 2. Responsibility Accounting 3. Management Audit 4. Human Resources Accounting. Modern Control Technique # 1. Network Techniques-PERT, CPM: PERT (Programme Evaluation and Review Technique) was developed by the social project office of the U.S. Navy in 1958. [...]
Read this article to get important notes on Henri Fayol's Fourteen Principles of Management ! Based on his vast and rich experience as the chief executive of a French mining company in France, Henri Fayol (1949) developed his fourteen principles of management during the same time period as Frederick W. Taylor. The basic difference between Tayor and Fayol's principles of [...]
Henry Fayol’s Contribution to Management! Henry Fayol (1841-1925) started his career as a junior engineer in a coal mine company in France and became its general manager in 1880. […]