Business Studies Cadbury Project Principles Of Management
HENRY FAYOL
French mining engineer, management theorist, and industrialist Henri Fayol (1841–1925) is best known for his contributions to the growth of contemporary management theory. With Frederick Winslow Taylor, he is regarded as one of the founders of management theory.
In France, Fayol started his career as a mining engineer before rising to the position of mining business director. Throughout his tenure in management, he watched how companies were run and came up with a set of guidelines that, in his opinion, might be applied to boost productivity and organisational effectiveness.
His conviction that management was a distinct and independent function from other organisational functions, such as production or finance, is a defining feature of Fayol’s work. He asserted that management consisted of five main tasks: organizing, commanding, coordinating, and controlling.
Perhaps Fayol is most known for his 14 management principles, which were covered in the previous subheading. These ideas remain essential to contemporary management practises and are frequently referenced in management theory.
In 1916, a French book titled “Administration Industrielle et Générale” (Industrial and General Administration) first presented Fayol’s work. Later translations of the book into English and other languages let Fayol’s views reach a broader audience.
Fayol’s contributions to management theory have had a significant influence on contemporary company procedures. His work has inspired the creation of management education programmes all across the world, and both managers and academics continue to research and use his concepts.
Henry Fayol listed 14 management principles:
Division of work: To ensure that everyone has a distinct duty to do, labour should be allocated among individuals and groups in accordance with this approach.
Responsibility and authority: These two concepts ought to be intertwined. While managers should be able to issue commands, they should also be in charge of seeing that these orders are followed.
Discipline: Without discipline, no organisation can operate efficiently. The organisation’s norms and regulations should be adhered to by all employees.
Unity of command: Each employee should report to a single supervisor and take commands from them. This guarantees that the instructions presented are clear and without ambiguity.
Unity of direction: All members of the organisation should work together to achieve a common objective. The entire organisation ought to have a single course of action.
Subordination of individual interest to the general interest: Individual interest subordination to organizational interest: The organisation’s interests should always take precedence over those of any individual employee.
Remuneration: Workers should be fairly compensated for their efforts.
Centralization: The organisation should have a distinct structure of power. Making decisions at the top level and then delegating them down is ideal.
Scalar chain: Each employee should be aware of their position in the organisation’s hierarchy and who they report to.
Order: Everything should be in its proper place, and everything should have a place. This refers to both tangible objects and organisational framework.
Equity: There should be no discrimination in the way that employees are treated.
Employee tenure stability: Jobs should be secure for staff members, and turnover should be kept to a minimum.
Initiative: It is important to promote initiative and creativity among staff members.
Esprit de corps: Employees should feel a sense of camaraderie and cooperation as they work together to achieve a common objective.
These guidelines are still often applied in management theory and are regarded as the cornerstone of contemporary management procedures.
INTRODUCING A BUSINESS
A worldwide candy firm based in Britain, Cadbury is well known for its chocolate offerings. John Cadbury began the business in 1824 after starting off by selling tea, coffee, and drinking chocolate in Birmingham, England. He didn’t start making and selling chocolate bars until 1831.
In order to make a chocolate drink, milk and sugar may be combined with a new product called Cadbury Cocoa Essence, which was a pure cocoa butter. This item was incredibly well-liked and contributed to Cadbury’s rise to prominence as a top chocolatier.
Cadbury has consistently innovated and unveiled new goods over the years. The business introduced its renowned Dairy Milk chocolate bar in 1905, and it continues to be one of its most well-liked goods today. Cadbury first produced its Flake chocolate bar in the 1920s, and it soon gained popularity.
The international food and beverage corporation Mondelez International currently owns Cadbury. The corporation has its global headquarters in Uxbridge, West London, and it has operations in more than 50 nations. The world’s top producer of chocolate and confectionery goods, Cadbury continues to have items available in shops and supermarkets everywhere.
SEVERAL OF THE GOODS THAT CADBURY SELLS INCLUDE:
Dairy Milk: Its most well-known product is perhaps Cadbury’s Dairy Milk. It is a milk chocolate bar that comes in a number of flavors, such as plain milk chocolate, fruit and nut, and caramel.
Flake: Another well-liked Cadbury product is the Flake chocolate bar. It comes in milk chocolate and dark chocolate versions and is prepared with crumbly, flaky chocolate that melts in your lips.
Crunchie: A staple of the Cadbury lineup is the Crunchie chocolate bar. It has a honeycomb centre covered in milk chocolate and is distinguished by both its texture and flavour.
Roses: Cadbury, a rose Roses are a variety of chocolate candy that come in milk chocolate, white chocolate, and dark chocolate flavours. They are frequently given as presents or eaten as a pleasure.
Fudge: The Cadbury Fudge A fudge bar is a little, chewy chocolate bar covered in milk chocolate and made with fudge. In the UK, it is a well-liked food that is frequently bought from vending machines.
Dairy Milk Buttons: Dairy Milk Buttons are tiny, spherical chunks of milk chocolate that are excellent for baking or munching on on their own. They are popular among kids and frequently sold in bags.
These are only a few of the numerous goods that Cadbury sells. The company also manufactures a variety of different chocolate bars, candies, and snacks in addition to baking essentials like cocoa powder and chocolate chips.
14 PRINCIPLES OF MANAGEMENT FOLLOWED BY CADBURY
Division of Work: To guarantee optimal effectiveness, this notion contends that labour should be distributed across individuals and groups. By assigning work to several teams or departments, Cadbury probably uses this idea to make sure that each assignment is finished effectively.
Authority and Responsibility: This idea contends that inside an organization, power and responsibility should be precisely defined. By giving each employee clear tasks and responsibilities and making sure that everyone is aware of their place within the company, Cadbury probably applies this approach.
Discipline: According to this notion, workers should adhere to policies and processes to make sure they are doing quality work. By creating explicit policies and procedures that staff members are required to follow, Cadbury probably puts this theory into practise.
Unity of Command: According to this tenet, each employee should report to a single superior in order to reduce confusion and guarantee that work is accomplished effectively. By guaranteeing that each employee reports to a single manager or supervisor, Cadbury most certainly embodies this philosophy.
Unity of Direction: All employees should be working towards the same aims and objectives, according to this notion. By making sure that every employee is aware of the company’s vision and working to achieve it, Cadbury probably uses this principle.
Subordination of Individual Interest to the General Interest: According to this theory, the organisation’s interests ought to take precedence over those of any particular employee. In order to make sure that everyone is working towards the same objectives, Cadbury probably implements this approach by encouraging teamwork and collaboration among staff.
Pay: According to this theory, workers ought to receive a fair wage for their efforts. In order to attract and keep great people, Cadbury probably uses this approach by providing competitive compensation and perks.
Centralization: According to this notion, an organisation’s decision-making should be centralised. Cadbury probably uses this idea by making sure that top management makes crucial choices.
Scalar Chain: According to the scalar chain principle, there should be a distinct chain of command within an organisation. Cadbury probably uses this idea by making sure that each employee is aware of who is in charge of making choices and to whom they report.
Order: According to this theory, everything should have a place and be in its proper place. Cadbury probably utilizes this principle by ensuring that its facilities are well-organized and that staff members have access to the equipment and resources they need to execute their tasks.
Equity: According to this notion, workers should receive respect and fair treatment. This idea is probably put into practise by Cadbury by encouraging an inclusive and diverse workplace atmosphere.
Stability of Tenure: According to this theory, in order to lower turnover rates, workers should have a secure position. This idea is probably applied by Cadbury, which offers employment security and opportunity for professional growth and promotion to its staff.
Initiative: According to this notion, employers should promote employees’ independence and inventiveness. By promoting employee idea sharing and giving them the chance to create and carry out new initiatives, Cadbury probably uses this approach.
Esprit de Corps: According to this notion, a company should foster a sense of brotherhood and teamwork. This idea is probably put into practise by Cadbury by building an environment at work where people feel respected and supported.
CONCLUSION
In conclusion, Henry Fayol’s project on Cadbury and management theory has emphasised the important facets of both the business and management theory. We have learned more about Henry Fayol’s 14 management principles and how Cadbury has implemented them through study and analysis.
Additionally, we now know more about Cadbury’s past, history, goods, and managerial style. We can understand how Cadbury has been a successful company and has expanded through time by looking at how they have applied management principles.
We learned while working on this project that meticulous preparation, in-depth study, attention to detail, cooperation, and reflection are all crucial elements of a project’s success. We can make sure that we produce high-quality results that satisfy our goals and expectations by applying these ideas to our work.
Overall, this project has given me a great chance to learn about management theory and how it can be used in the real world to a successful company like Cadbury. We hope that this initiative will be a helpful resource for anyone who are interested in this subject and that it will encourage additional research and education.
Certificate of Completion
I, [Your Name], a student of [Your School/College Name], am thrilled to receive this certificate for successfully completing the project on “Henry Fayol’s Principles of Management applied to Cadbury. ” This project has been a fascinating journey of exploring management theory and understanding how it is put into practice by a renowned company like Cadbury.
During the course of this project, I delved into the life and work of Henry Fayol, a pioneering management theorist, and his 14 principles of management. I also conducted research on Cadbury, a globally recognized candy firm known for its delectable chocolate offerings. Analyzing how Cadbury applies Fayol’s principles to its organizational structure and operations was truly enlightening.
Through this project, I gained valuable insights into the significance of management principles in shaping a successful business. Understanding how the division of work, authority, responsibility, and other principles play vital roles in optimizing productivity and fostering a cohesive work environment was an eye-opening experience.
I express my heartfelt gratitude to [Teacher’s Name], my project guide, for their constant support, encouragement, and guidance throughout this project. Their mentorship played a crucial role in helping me grasp the intricacies of management theory and its practical applications in the corporate world.
I would also like to extend my thanks to [School/College Name] for providing me with this opportunity to explore the fascinating world of management and conduct this project on Henry Fayol and Cadbury. The experience has been truly rewarding and has deepened my understanding of business principles and practices.
With great pride, I accept this certificate, symbolizing my dedication and hard work in completing the project on “Henry Fayol’s Principles of Management applied to Cadbury. “
Sincerely,
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