What is the relevance of Fayol’s Principles in Modern Organizations?
While Fayol’s principles were introduced in the early 20th century, many of them remain applicable in today’s dynamic business environment. The need for clear authority, responsibility, and structured communication channels is universal. However, modern organizations are increasingly adopting flexible structures, emphasizing teamwork and collaborative decision-making, which may challenge traditional principles like unity of command and scalar chain. Organizations today focus heavily on equity, diversity, and inclusion, expanding Fayol’s principle of equity to encompass a broader range of social justice issues. Additionally, the digital transformation of workplaces, with increased reliance on technology for communication and operations, has necessitated a rethinking of principles like order and discipline, as digital tools allow for more fluid and agile approaches to work.
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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 10: What is the relevance of Fayol’s Principles in Modern Organizations?....
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