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Classical Management Theory Explained by ScribdTranslations is a document available to read on EtoBox.

The classical theory of management was formulated by Henri Fayol in 1916. Fayol defined the administrative process in five phases: planning, organizing, leading, coordinating, and controlling. He identified basic functions of organizations and established 14 principles of classical management, including division of labor, authority, discipline, and fair remuneration. His contributions helped to establish the foundations of modern management.

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