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:

Reimburse

To repay money that has been spent or lost, often associated with expenses incurred during employment or other approved activities.

Redecorating

Redecorating involves making changes to the decoration of an interior space, such as altering its style, layout, or furnishings, to refresh or update its appearance.

Expenses

Costs incurred during the operation of a business or the execution of a task.

Passive Fraud

A failure to reveal some material fact about the subject matter of a contract that one party is obligated to reveal to the other party and that intentionally deceives that second party, leading him or her into a damaging contract. Also called concealment and nondisclosure.