Business Week 5<\/p>\n
When Henry Fayol developed the four functions of business he focused on manufacturing firms. His goal was to make managers produce products in the most cost-efficient way possible. Today manufacturing makes up 18.9 % of GDP in America while services makes up 80.3%.<\/p>\n
Read the following case scenario:<\/p>\n
Joy runs an event planning company. She specializes in weddings and corporate banquets. She offers her clients a service. She plans the affair, hires the caterers, musicians, space, chairs, tables, place settings, dance floors or anything that the client wants for the theme of their event.<\/p>\n
Explain how Fayol\u2019s functions would work for Joy in her service business.<\/p>\n
Use the following articles to assist in crafting an explanation:<\/p>\n
Application of the Henri Fayol Principles of Management in Startup Organizations<\/p>\n
http:\/\/iosrjournals.org\/iosr-jbm\/papers\/Vol19-issue10\/Version-4\/K1910047885.pdf<\/p>\n
The World Fact Book<\/p>\n
https:\/\/www.cia.gov\/library\/publications\/the-world-factbook\/fields\/2012.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Business Week 5 When Henry Fayol developed the four functions of business he focused on manufacturing firms. His goal was to make managers produce products in the most cost-efficient way possible. Today manufacturing makes up 18.9 % of GDP in Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-427241","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/427241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=427241"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/427241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=427241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=427241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=427241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}