ConceptsNest

As our career progresses, we may find we do fewer technical tasks and spend more time guiding a team or planning strategy . While that's often a given today, in the 19th century most companies promoted the best technicians. But Henri Fayol recognized that the skills that made them good at their jobs did not necessarily make them good managers . Who Was Henri Fayol? Fayol's  14 Principles of Management  identified the skills that were needed to manage well. While inspiring much of today's management theory, they offer tips that we can still implement in our lives and organizations. Fayol also created a list of the five Primary   Functions of Management , which go hand in hand with the Principles. What Is Administrative Theory? Fayol called managerial skills "administrative functions." In his 1916 book, "Administration Industrielle et Générale," he shared his experiences of managing a workforce. Fayol’s book – and his 14 Principles of Management – ...

What is VUCA and its relevance in business?   VUCA is an acronym that stands for volatility, uncertainty, complexity and ambiguity , a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations. The term is also sometimes said to stand for the adjectives: volatile, uncertain, complex and ambiguous. The term VUCA originated with the United States Army War College to describe conditions resulting from the Cold War. The VUCA concept has since been adopted throughout businesses and organizations in many industries and sectors to guide leadership and strategy planning . An awareness of the forces represented in the VUCA model and strategies to mitigate the harm they might cause are integral to crisis management and disaster recovery planning . Volatility Volatility refers to the propensity for changing from one state to another . Under certain conditions, volatile materials can dangerously explode, chan...