According to Henry Fayol, all activities of an industrial undertaking could be divided into:

Technical, Commercial, Financial, Security, Accounting and Managerial

According to Fayol, all activities of an industrial undertaking could be divided into: Technical; Commercial; Financial; Security; Accounting and Managerial. He also suggested that qualities a manager must possess should be — Physical, Moral, Education, Knowledge and experience. He believed that the number of management principles that might help to improve an organisation’s operation is potentially limitless.