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Henri Fayol (Istanbul,29 July 1841Paris, 19

November 1925) was

a Frenchmining

engineer and director of

mines who developed a

general theory

ofbusinessadministration.

http://en.wikipedia.org/wiki/Istanbulhttp://en.wikipedia.org/wiki/Parishttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Mining_engineerhttp://en.wikipedia.org/wiki/Mining_engineerhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Mining_engineerhttp://en.wikipedia.org/wiki/Mining_engineerhttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Parishttp://en.wikipedia.org/wiki/Istanbul

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When 19 years old he started as an engineer at a miningcompany "Compagnie de Commentry-Fourchambeau-Decazeville" in Commentry. By 1900 the company wasone of the largest producers of iron and steel in France

and was regarded as a vital industry. Fayol becamemanaging director in 1888, when the mine companyemployed over 1,000 people, and held that position over30 years until 1918.

In 1916 he published his experience in the book

"Administration Industrielle et Gnrale", at about thesame time as Frederick Winslow Taylor publishedhisPrinciples of Scientific Management.

http://en.wikipedia.org/wiki/Commentryhttp://en.wikipedia.org/wiki/Frederick_Winslow_Taylorhttp://en.wikipedia.org/wiki/Frederick_Winslow_Taylorhttp://en.wikipedia.org/wiki/Commentry

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Fayolism

Fayol's workwas one of the first

comprehensive statements of a generaltheory ofmanagement. He proposedthat there were six primary functions of

management and 14 principles ofmanagement.

http://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolismhttp://en.wikipedia.org/wiki/Fayolism

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Functions1. forecasting

2. planning

3. organizing

4. commanding

5.coordinating

6. monitoring (French:contrler: in the sensethat a manager mustreceive feedback about aprocess in order to make

necessary adjustments).

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1. Division of work.

2. Authority &Responsibility.

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3. Discipline.

4.Unity of command.

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5.Unity of direction.

6.Subordination ofindividual interests tothe general interest.

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7.Remuneration.

8.Centralization.

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9.Scalar chain.

10.Order.

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11.Equity.

12.Stability of tenure ofpersonnel.

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13.Initiative.

14.Esprit de corps.

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Name- Mr. DhirajlalHirachand Ambani.Born- 28th Dec 1932

Occupation- Founder ofReliance Industries, ReliancePower & Reliance Capital

Quote- For those who dareto dream, there is whole towin

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In 1958, 350 sq ft. room, with a telephone, 1 table & 3chairs.

In 1982-83, 220 millions were invested by NRI

companies like Crocodile, Lota & Fiasco. In 2012 Has been ranked 20th position across the world

and top 100 chemical company.

Has been ranked no. 1 in India on the basis of totalaverage market capitalization, total assets.

Ranked No. 2 on the basis of total income in 2012

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In 1999, The Dream, 1999"Make a phone call cheaper than a postcard and you

will usher in a revolutionary transformation in thelives of millions of Indians" - Dhirubhai Ambani

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In 2003, December 19

Adds 4500th Contact Centre Executive.

October 30Reliance becomes India's largest mobile serviceprovider within 7 months of commercial launch.

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2005 November 3

Customer base touches 5 million. August 18

Reliance Infocomm rolls out international roaming

facility across several countries to become the firstIndian CDMA operator to offer its customers such aservice.

January 04Reliance introduces first e-recharge facility in CDMA inIndia.

January 24Reliance IndiaMobile announces mega rural plan tocover 4 lakh villages and 65 crore Indians by December2005.

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In 2006, June 22

ties up with Disney to offer on Reliance Mobile WorldIndia's first 3D animation on mobile.

March 21Reliance Infocomm introduces R World in Hindi.

January 19Reliance Demerger adds record Rs.55, 000 Crore toshareholder wealth.

January 23TIMES NOW launched on Reliance Mobile Phones,making it the worlds first TV channel to be launchedon a mobile phone.

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In 2007,

October 3announces Classic Celebrations- Classic Handset

sales top 10 million- Colour Handset @ Rs.999.April 6

acquires 1.2 million subscribers in March 2007

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In 2010,

May 5BIG TV launches Indias first HD DVR Service

In 2012, CUSTOMER BASE AT 117 MILLION, UP 36.3%

AGAINST 86 MILLION IN THE CORRESPONDINGQUARTER LAST YEAR

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Fayol's work has stood the test of time and hasbeen shown to be relevant and appropriate tocontemporary management. Many of todays

management texts including Daft have reducedthe six functions to four: (1) planning; (2)organizing; (3) leading; and (4) controlling.

Mr. Dhirubhai Ambani Directly-Indirectly always

followed these 14 principles of management andapplied it to do revolution in business.

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