"The technical and commercial functions of a business are clearly defined, but the same cannot be said of the administrative function. Not many people are familiar with its constitution and powers; our senses cannot follow its workings - we do not see it build or forge, sell or buy - and yet we all know that, if it does not work properly, the undertaking is in danger of failure."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Henri Fayol (1900). "Henri Fayol addressed his colleagues in the mineral industry 23 June 1900." Translated by J.A. Coubrough. In: Fayol (1930) Industrial and General Administration. pp. 79-81
https://en.wikiquote.org/wiki/Business_administration
Revision History
No revisions have been submitted for this quote.
Categories
Business administration
8 quotes on TrueQuotesView all quotes by Business administration →
Related Quotes
"The term "informatics" was first defined by Saul Gorn of University of Pennsylvania in 1983 (Gorn, 1983) as computer …"
"The administrative function has many duties. It has to foresee and make preparations to meet the financial, commercia…"
"The majority of students studying for the master's degree in business are enrolled in makeshift programs which are ge…"
"The administrative function... insures the continuance of the existing order with a minimum of effort and risk. Its f…"
"The administrative function comes easily to conservatives for the principal requirement of administration is unquesti…"
"We usually think of an individual doing administrative work not as an administrator, but as a businessman, an Army of…"
"To those who run businesses, profits are obviously desirable and losses deplorable. But economics is not business adm…"
"There is no short game for a venture capitalist"
"Building products has become easier and cheaper, but building brands is harder than ever"
"The first phase of ROI is understanding if your unit metrics justify growth. Without that, there is no longer game"