What Did Henri Fayol Mean When He Argued That "The

question 103

Essay

What did Henri Fayol mean when he argued that "the success of an enterprise generally depends much more on the administrative ability of its leaders than on their technical ability"?

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Definitions:

Planning Budget

A budget prepared for a specific level of activity, used for planning and coordinating the financial resources of a company.

Activity Level

Refers to the volume of production or operations, often influencing costs and managerial decisions within a business.

Selling And Administrative Expenses

Expenses related to the selling of products or services and the general administration of a business, not including manufacturing costs.

Planning Budget

A budget designed for planning and strategic purposes, outlining expected revenues, expenses, and other financial activities.