2001
DOI: 10.1108/eum0000000005565
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Henri Fayol as strategist: a nineteenth century corporate turnaround

Abstract: Successful corporate turnarounds occur, thus avoiding liquidation, but historical examples are few. In late nineteenth century France Henri Fayol became managing director (CEO) of a vertically integrated iron and steel firm and made various decisions that retrieved the firm from the brink of liquidation. In examining his career, the competitive nature of the industry, and his decisions, it is suggested that he employed a deliberate and comprehensive corporate strategy to guide the firm toward its objectives. W… Show more

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Cited by 22 publications
(25 citation statements)
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References 11 publications
(10 reference statements)
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“…Whenever authority is exercised, responsibility arises. So there needs to be a proper balance between authority and responsibility (Fayol, 1949;Pryor & Taneja, 2010;Wren, 1995Wren, , 2001.…”
Section: Authority and Responsibilitymentioning
confidence: 99%
“…Whenever authority is exercised, responsibility arises. So there needs to be a proper balance between authority and responsibility (Fayol, 1949;Pryor & Taneja, 2010;Wren, 1995Wren, , 2001.…”
Section: Authority and Responsibilitymentioning
confidence: 99%
“…Todavia, alguns poucos autores se ocuparam desse importante teórico e desenvolveram pesquisas que permitiram divulgar alguns de seus trabalhos praticamente inéditos, realçando a contemporaneidade de suas ideias. Dentre eles, encontram-se Breeze (1980;1981;1985;, Reid (1986;1988;, Wren (1995;2001) e Wren, Bedeian e Breeze (2002. Mais recentemente, foram publicados os estudos de Peaucelle (2003a) e Parker e Ritson (2005a;2005b).…”
Section: Int R O D U ç ã Ounclassified
“…Assim, com referência ao discurso . • p. 204-227 • ISSN 1678 pronunciado em 1908, Breeze (1980) Wren (1995Wren ( , 2001. Ou seja, nesse período, o texto inédito circulou apenas entre os membros do restrito grupo dos novos fayolistas.…”
Section: Int R O D U ç ã Ounclassified
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“…But recently, a number of scholars have extensively studied Fayol (Breeze and Bedeian ; Wren, , , , ; Reid , ; Sasaki, ; Peaucelle, , ; Wren, Bedeian and Breeze, ); the principles of management have been reappraised in light of a detailed account of his career as a manager (Peaucelle and Guthrie, ); and the interpretation of his theory has been enriched in several ways. First, many authors acknowledge both the superficial understanding of Fayol and the enduring value of his principles (Chambers ; Carrol and Gillen ; Fells, ; Cohen, ; Lamond ; Parker and Ritson, ; Pryor and Taneja, ).…”
Section: Introductionmentioning
confidence: 99%