Fayol\'s Principles in the Cupcake Kingdom The classical approach to management
ID: 3906921 • Letter: F
Question
Fayol's Principles in the Cupcake Kingdom The classical approach to management includes administrative management, which examines management from the perspective of senilor executives. A subset of administrative management is Henrn Fayo's 14 principles of managernent, which stull apply to many current business situations. You will read a case about the Cupcake Kingdom, a bakery that has been in business for 10 years, which Will Illustrate how Fayol's principles apply to businesses Henn Fayol, a French mining engineer and executive, published a book in the early 1900s summartzing hls management experlences. In parallel to the four functions of management reviewed in Chapter 1, Fayol identified five functions of management-planning, organizing. commanding, coordinating, and controlling. Additionally, he defined 14 principles of management, which are outlined In Exhiblt 2.4 In the text. Read the minicase, then drag the example to the appropriate management principle. The Cupcake Kingdom, a bakery offering a wide variety of baked goods, but specializing in cupcakes, has been in business for 10 years. The owner, Colleen Jenkins, belleves that employees are the foundation of any business. With that In mind she communicates the vision and direction of the company and rewards employees who clearly assist in achleving company goals. Employees are clear as to their roles and positions. The company culture is strong, employees feel valued as evidenced by the low turnoverExplanation / Answer
The example has close links with following principles:
1.Division of work
2.Organization chart
3.Company Structure
4. Renumeration
5. Performance goals
6. Initiatives
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