Fayol had been the first to determine the five functions of a manager and the fourteen concepts of management. Fayol believed it has been important for administrators to have got a place of principles to direct their management. Fayol 's ideas about management management have got become a general part of the contemporary management ideas and are still the foundation of management thoughts and activities.The major purpose of the administrative management theory has been to find a balance between the framework of the management and the objective of the organization. It furthermore emphasized on the importance of organizational efficiency. Regarding to this theory, administrative efficiency was enhanced when described ranges of specialist are present and those at the top of administration experienced the many obligation for the company. Administrative effectiveness was related with sections being separated by a very clear parting of labor and managers with the almost all responsibilities serving as organizational specialist figures. Based to Fayol, five features were incorporated into management. The first was “planning,” which was predicting upcoming activities/trends that inspired the corporation and utilized this details to effect the corporation's activity program. It included effectively using resources to satisfy the organizational goals. The following function, “organizing,” included both materials and human structural components. It involved aspects like as building a chain of command or
Classical Management Theory. Based on the above, in summary, the goal of classical management theory is to find out one “best way” in order to form the most effective workers leading to maximized benefits. Therefore, the theory is beneficial to an organization repetitive and routine work. For instance, in military. The classical management theory is a school of management thought in which theorists delved into how to find the best possible way for workers to perform their tasks. The classical management theory is divided into two branches, the classical scientific and the classical administrative.