“To what extent are Fayol’s functions of management still relevant in Today’s predominantly service economy? Discuss

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Managerial functions form the basis of successful management of people and resources in an organization. The role of management functions cannot be downplayed since they determine the success of an organization. Henri Fayol remains a major pioneer in management theory field. Fayol’s proposed five main management functions namely: forecasting, organizing, commanding, coordinating and controlling (Fayol […]