Topic > Henri Fayol 14 Principles of Management - 750

Implementing Henri Fayol's top-down approach to management and focusing on managerial practices to increase efficiency in the organization. They will use this to guide their managers on how to carry out their managerial tasks and also the practice in which they will minimize misunderstandings and increase efficiency in the organization” (H. Fayol). All or some of these characteristics are visible in the way McDonald's manages its stores. It makes no difference whether it is a corporate store or a franchise store, they will use the same way of planning forecasting, organizing to achieve good results, implementing and controlling to improve productivity. As is known, Mc Donald's has implemented some or all of Henri Fayol's 14 management principles which are as follows: 1) Division of labor. 2) A delegation of authority. 3) Discipline. 4) Chain of commands. 5) Congenial workplace. 6) The interrelation between individual interest and common organizational objectives. 7) Remuneration package. 8) Centralization. 9) Scalar chains. 10) Order. 11) Equity. 12) Job Guarantee. 13) Initiatives. 14) Team Spirit The manager of Ms. Ramirez on duty at the Mc Donald's I visited mentioned how the company trains the best and they spent a large amount of money and dedicated many hours just to develop it making sure it would benefit the company . Systems, people and the ability to deliver what customers want are the reasons why McDonalds is as successful as it is today. They will make the necessary changes to compete with other fast food chains such as Burger King, Wendy's, Carl's Junior, to name a few. After segmenting the market, identifying the target segment and positioning itself, each company must present an offer. McDonald's are: 1). Product. 2). Place. 3). Price. 4). Promotion. 5).