Henri Fayol's Administrative Theory is a foundational concept in management that emphasizes the importance of organizational structure and administrative processes. Fayol identified five key functions of management: planning, organizing, commanding, coordinating, and controlling. He believed that effective management is essential for achieving organizational goals and that these functions should be practiced by all managers at different levels.
Fayol also proposed 14 principles of management, such as division of work, authority and responsibility, and unity of command. These principles serve as guidelines for managers to improve efficiency and foster a positive work environment. His ideas laid the groundwork for modern management practices and continue to influence how organizations operate today.