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Henri Fayol

Henri Fayol Biography
UnknownUnknown author [Public domain or Public domain], via Wikimedia Commons

Henri Fayol Biography

Henri Fayol (July 29, 1841 – November 19, 1925) Engineer and theorist of business administration. He was born in Istanbul, Ottoman Empire. He grew up in a bourgeois family, so he could study in the best institutes in the city. He studied civil engineering of mines and finished in 1860. When he finished, he got a job as an engineer in the mines of an important mining and metallurgical group: the Comantry Fourchambault Corporation. Fayol witnessed the irruption of the Industrial Revolution and later its consequences. Also, he experienced the consequences of the First World War.

From the age of 19, he began his experience in the field of metallurgy and coal. Due to the above, at age of 25, he was appointed mining manager. In 1878, Fayol was invited to the Paris Congress of the Mining Industrial Society, held on the occasion of the Universal Exposition, to present a report on the alteration and spontaneous combustion of the coal exposed to the air. This work was very well received and received very positive reviews, consecrating Fayol as an influential man in the world of science. His contributions to the field of administrative thinking are remarkable.

Several of his postulates are well developed in the work Industrial and General Administration (1916), this work first came out in the French countryside. Fayol was influenced by the theory of Frederick Taylor in the field of scientific organization of work, whose influence emerged in the second stage of the Industrial Revolution. Fayol developed an administrative model of great rigor for his time, based on a positivist methodology, which focused on observing the facts, making experiences and extracting rules.

In 1921, he published The Industrial Disability of the State, made a defense of the postulates of free enterprise against the intervention of the State in economic life. During his academic life, he developed three essential aspects within the administrative model: the division of labor, the application of an administrative process and the formulation of technical criteria that should guide the administrative function. For Fayol, the administrative function has as its object only the social body: while the other functions affect not only the personnel of the company but also the raw material and the machines.

His knowledge allowed an important company: the Compagnie Commentary Fourchambault et Decazeville, which was in a difficult administrative and economic situation, to get out of this crisis. His administration was very successful, Fayol was CEO until 1918 when, due to his advanced age, he decided to pass on his company to his successor. Later, Fayol dedicated his life to write and deepen his administrative theories. Management and development of various concepts, for example, the division of labor, discipline, authority, unity and command hierarchy, centralization, fair remuneration, staff stability, teamwork, initiative, general interest, etc.

His contribution is very important because in the field of business management he distinguished four functional areas: planning, organization, command and coordination and control. In Industrial and General Administration (1916) each one of these important areas is developed. The aforementioned work was translated into English until 1930 and did not have much impact until its second translation in 1949. By that time, Fayol had already died because of his advanced age, specifically died on November 19, 1925, in the French capital. Shortly before his death, he published an important and controversial work: The industrial incapacity of the state (1921), where he defended the postulates of free enterprise against the intervention of the State in economic life.

We must indicate that his contributions were very important since the second half of the nineteenth century and the first part of the twentieth century, marked a before and after in the administrative method, in the dynamics of companies, being then the precursor of the administrative model known as “Fayolism.” Just as many Fayol also criticized the antihumanist method of Frederick Taylor, Taylor’s intention was really to eliminate downtime in the actions of the workers to comply with the system design that was to increase production.

Although he took some lessons from him, he decided to focus on various aspects. The studies of this subject were more valued well into the Industrial Revolution. Currently, studies have linked their thinking with the postulates of economic liberalism. From their contributions we can emphasize: To take care that the human and material organization is directed to fulfill the objective, and needs of the company, to establish a unique, competent, energetic authority that serves as a guide, to harmonize the activities, to analyze the responsibilities of the Director General, create a “General Staff” that is a group of men endowed with the energy, knowledge and time that support the Director.

Related Content: Industrial Engineering

Artist

Nipsey Hussle

Nipsey Hussle Biography
LitoStarr, CC BY-SA 4.0, via Wikimedia Commons

Nipsey Hussle Biography

Ermias Asghedom (August 15, 1985 – March 31, 2019), better known as Nipsey Hussle, was an American rapper, businessman, and community activist, who rose to fame in 2018 with his debut album Victory Lab. Nipsey began his career towards the mid-2000s releasing several successful mixtapes such as Slauson Boy Volume 1, Bullets Ain’t Got No Name series and The Marathon. His fame came to him, along with his first Grammy nomination, with his debut album in 2018. He had previously created his label All Money In No Money Out (2010).

Following his death, he received two posthumous Grammys for the songs Racks in the Middle and Higher. He was known for his social work on behalf of the Crenshaw community.

Early years

He was born in Los Angeles, United States, on August 15, 1985. Son of Angelique Smith and Eritrean immigrant Dawit Asghedom, he grew up in Crenshaw, a neighborhood located south of Los Angeles, with his siblings Samiel and Samantha. He attended Hamilton High School but dropped out before graduating. Since he was little he looked for a way to help around the home, so over time, he began to work selling different products on the street.

After leaving school he became involved in the world of gangs, however, he turned away from it when he realized that it was not what he expected for his future. Decided then to dedicate himself to music, he sold everything that linked him to the gangs and worked for a time to buy his own production tools. After finishing his studies, he began to write and produce his own mixtapes, which he sold from a car. After finding inspiration from a trip he took to Eritrea with his father and spending time in prison, Nipsey turned fully to his career and business. He always looked for ways to start and help the community in which he grew up: giving jobs, helping students, renovating public spaces, etc …

Community activist

Nipsey was admired for his work at Crenshaw because instead of moving or investing in hedge funds, he preferred to help the community by boosting the local economy.

Career

In late 2005, Nipsey Hussle released his first mixtape, Slauson Boy Volume 1, independently, to great local success. By then he already had a fan base at the regional level, so it took him a while to sign a contract with the Epic Records and Cinematic Music Group labels. Later, the first volumes of the Bullets Ain’t Got No Name series appeared, with which he expanded his popularity. Burner on My Lap, Ridin Slow, Aint No Black Superman, Hussle in the House and It’s Hard out Here, were some of the songs included in the series.

By 2009, Nipsey would make a name for himself collaborating with Drake on Killer and with Snoop Dog on Upside Down. He also released Bullets Ain’t Got No Name vol.3 and in 2010, he left Epic and opened his own label All Money In No Money Out. Under this label, he would soon release The Marathon, a mixtape in which hits such as Love ?, Mr. Untouchable, Young Rich and Famous and Late Nights and Early Mornings appeared. He also created The Marathon Clothing at that time, a sports and casual clothing brand that was based in his neighborhood. He then released the mixtape The Marathon Continues (2011), participated in the We Are the World 25 for Haiti campaign, and was featured in the popular XXL Magazine Annual Freshman Top Ten.

In 2013 came Crenshaw, a mixtape that would become famous because Jay-Z himself bought 100 copies for $ 100 each.

Victory Lap

After many delays, Nipsey would release his long-awaited debut album Victory Lap, on February 16, 2018, to great success. It was praised by critics and received a Grammy nomination for best rap album of the year. It was such a success that many singles entered the Billboard and Itunes charts. However, Nipsey did not enjoy much fame.

Death

Hussle was assassinated on March 31, 2019, outside his store in South Los Angeles. He was shot multiple times by a man he had previously clashed with, he was arrested and charged with murder on April 2 of the same year. After his death, many personalities expressed the pain caused by the news. It is worth mentioning that the Mayor of Los Angeles himself gave his condolences to the family, recognizing Hussle’s social work in Crenshaw.

He was the partner of actress Lauren London and was the father of two children.

Sales strategies and greatest hits

Hussle was known for his sales strategies, since, he used to upload his singles in free download and then sell some limited editions for a cost of 100 to 1000 dollars. It promoted the sale of his work with campaigns such as Proud2Pay and Mailbox Money, in which he gave special incentives (autographed photos, dedication calls, tickets to his studio, and special events) to buyers. His revolutionary ideas promised him a fruitful career.

Some of his greatest hits

  • Rose Clique
  • Forever On My Fly Shit
  • Thas Wat Hoes Do Proud of That (with Rick Ross)
  • Face the world
  • Bless, 1 of 1
  • Where Yo Money At
  • Fuck Donald Trump
  • Higher
  • Young Rich and Famous
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Business

Jimmy Hoffa

Jimmy Hoffa Biography
Garam, CC0, via Wikimedia Commons

Jimmy Hoffa Biography

James Riddle Hoffa (February 14, 1913 – July 30, 1975), better known as Jimmy Hoffa, was an American union activist. A reference to the working class of the 20th century, Hoffa began his union activity at the age of 18 within the trucker union. With time, he was gaining importance and enemies. He mixed with the mob and was the leader of the most important union organization in the U.S.A., the International Brotherhood of Truckers. His actions took a toll on him and in 1967 he was arrested for bribery. In 1975, he disappeared after having dinner at a Detroit restaurant. To date, it is unknown what happened or where his body is. His disappearance was portrayed in Scorsese’s The Irishman.

Early years

He was born in Brazil, Indiana, on February 14, 1913. James was the son of John Hoffa and Viola Riddle. His father passed away when he was 7 years old, of Irish descent and working as a miner. When the dad died, the family moved to Detroit, where Hoffa lived the rest of his life. He studied until he was 14 years old and began working as a teenager, to help the family. At the age of 18, he began to participate in the union demonstrations of the truck driver’s union, and over time he gained recognition. However, Hoffa had never driven a truck.

Jimmy Hoffa, the truckers, and the mob

Despite his clear inexperience, Hoffa managed to earn the respect of all road workers thanks to his charisma and effective acting. He was thus elected president of the famous International Brotherhood of Truckers or “Teamsters” in 1957. From then on he would be known for his aggressive methods and connections with the Cosa Nostra (Italian mafia). It is known that Jimmy used the mob to gain notoriety and destroy his competitors, while the union served as a front to clean up dirty money from the mob.

As time went by, his relationship with Cosa Nostra became increasingly evident, becoming the target of various investigations (fraud, conspiracy, evasion, extortion, laundering…). Behind them was the prosecutor Robert Kennedy, who later became a solicitor, his sole objective being the capture of Hoffa. Although he managed to leave the courts unscathed on several occasions – thanks to his intimidation and bribery strategies – he was finally locked up in 1967.

Hoffa had faced justice several times, so the confinement did not scare him, he planned to continue running the union and all its businesses from jail, leaving someone manageable in command. But this did not turn out as he expected, his puppet rebelled and the mafia took advantage of his confinement to expand their business with more facilities. It was clear that everyone was better off without Hoffa at the helm.

The disappearance of Jimmy Hoffa

In 1971 his sentence was commuted and Hoffa returned to work, he tried to regain his place and strength, but had little luck, because the mafia was clear that the business was better without him. The day he arrived, on July 30, 1975, he was summoned by Anthony Provenzano and Anthony Giacalone, two gangster bosses who were tired of his instance. They summoned him to a restaurant in Detroit, but never showed up, Hoffa waited for more than an hour and then got into a car, disappearing ever since. Nobody saw him again.

Jimmy was powerful, but he had made many enemies and was in the crosshairs of the mob, making his disappearance one of the most famous of the 20th century. His body was never found and in 1982 he was presumed dead. Although over time many took credit for his disappearance (and his death) from him, little is known for sure.

One of the possible culprits is perhaps Frank Sheeran, the Irishman, Hoffa’s henchman, who, pressured by the gangsters, would have killed the union leader. According to Sheeran’s version, that day he would have taken Hoffa to a house, where he shot him three times, and then moved his body to a still uncertain place.

His body and his disappearance became one of the best-known mysteries of the time. To date, the fate of his body is unknown. Many say it is buried, others that it was dismembered and thrown into a river, and others that it was compacted. There were many complaints about the discovery of his body, but all false.

His legacy was continued by his son, the current head of the International Brotherhood of Truckers, James P. Hoffa.

He was married to Josephine Poszywak and was the father of James P. Hoffa and Barbara Ann Crancer.

On July 30, 1982, he was declared legally dead.

Scorsese’s The Irishman

Scorsese’s The Irishman premiered on Netflix in 2019. The film follows Hoffa’s hitman and right-hand man, Frank Sheeran, as he thus narrates his story and participation in the disappearance of Hoffa. In the film, Hoffa is played by Al Pacino, while Sheeran and the prosecutor Kennedy are played by Robert De Niro and Jack Huston.

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Business

Peter Drucker

Peter Drucker biography
Photo: Jeff McNeill / CC BY-SA 2.0

Peter Drucker biography

Peter Drucker (November 19, 1909 – November 11, 2005) writer, consultant, entrepreneur, and journalist. He was born in Vienna, Austria. He is considered the father of the Management to which he devoted more than 60 years of his professional life. His parents of Jewish origin and then converted to Christianity moved to a small town called Kaasgrabeen. Drucker grew up in an environment in which new ideas and social positions created by intellectuals, senior government officials and scientists were emerging. He studied at the Döbling Gymnasium and in 1927, Drucker moved to the German city of Hamburg, where he worked as an apprentice in a cotton company.

Then he began to train in the world of journalism, writing for the Der Österreichische Volkswirt. Then he got a job in Frankfurt, his job was to write for the Daily Frankfurter General-Anzeiger. Meanwhile, he completed a doctorate in International Law. Drucker began to integrate his two facets and for that, he was a recognized journalist. Drucker worked in this place until the fall of the Weimar Republic. After this period he decided to move to London, where he worked in a bank and was also a student of John Maynard Keynes.

Although he was a disciple of Keynes, he assured, decades later, that Keynesianism failed as an economic thesis where it was applied. Because of the ravages of Nazism and persecution of Jews, he emigrated to the United States, where he served as a professor at Sarah Lawrence College in New York, from 1939 to 1949 and simultaneously was a writer. His first job as a consultant was in 1940. He then returned to teaching at Bennington College in Vermont. Thanks to his popularity he received a position to teach in the faculty of Business Administration of the University of New York.

He was an active contributor for a long period of time to magazines such as The Atlantic Monthly and was a columnist for The Wall Street Journal. The quality and recognition of his writings assured him important contracts both as a writer and as a consultant with large companies, government agencies, and non-profit organizations in the United States, Europe, Latin America, and Asia. Quickly and surprisingly his fortune grew. Drucker served as honorary president of the Peter F. Drucker Foundation for Nonprofit Management.

In 1971, he obtained the Clarke Chair of Social Sciences and Administration at the Graduate School of Management at the University of Claremont. Now, at present Drucker is considered the most successful of the exponents in matters of administration, his ideas and terminologies have influenced the corporate world since the 40s. Drucker was the first social scientist to use the expression “post-modernity” something that caught the attention of this man is that he does not like receiving compliments. He was simple, visionary, satirical and vital.

Within his studies, he says that his greatest interest is people. His work as a consultant began in the General Motors Multinational Companies, from that moment begins to raise the theory of Management, Management trends, the knowledge society. Thanks to this theory he has published several books, these are consulted often and are fundamental for the career of business administrator. In his works, he deals with the scientific, human, economic, historical, artistic and philosophical stage.

He was founder and director of a business school that bears his name. For Drucker, it was beneficial that many of his ideas have been reformed because of the innovative way of thinking and analyzing business issues. Although approaches such as the knowledge society are the basis of the current company and the future is still maintained. He has published more than thirty books, which include studies of Management, studies of socio-economic policies and essays. Some are Best Sellers. The first book was The end of economic man (1939), The future of industrial man (1942), The concept of Corporation (1946). Later he published The Effective Executive (1985). He focused on personal effectiveness and changes in the direction of the 21st century. In 2002 the society of the future was published.

His first book caused much controversy because he talked about the reasons why fascism initiated and analyzed the failures of established institutions. He urged the need for a new social and economic order. Although he had finished the book in 1933, he had to wait because no editor wanted to accept such horrible visions. Now, Drucker has dealt with such controversial issues as individual freedom, industrial society, big business, the power of managers, automation, monopoly, and totalitarianism.

We must indicate that his analysis of the Administration, is a valuable guide for the leaders of companies that need to study their own performance, diagnose its failures and improve its productivity, as well as that of your company. Several companies have taken their approaches and put them into practice, such as Sears Roebuck & Co., General Motors, Ford, IBM, Chrysler, and American Telephone & Telegraph.

The consultant assured that there are some differences between the figure of the manager and that of the leader. For him, true leaders recognize their shortcomings as mortal beings, but they systematically concentrate on the essentials and work tirelessly to acquire the decisive competences of management. Actually, the contributions of this character in the world of administration and in the economic and social world have been significant. Drucker died on November 11, 2005, leaving a great legacy.

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Business

Jeff Bezos

Jeff Bezos biography
Photo: Steve Jurvetson / CC BY 2.0

Jeff Bezos biography

Jeff Bezos (January 12, 1964). His birth name is Jeffrey Preston Bezos. Businessman and founder and CEO of Amazon. He was born in Albuquerque, New Mexico, United States. His mother, Jacklyn Gise, had him as a teenager and his biological father, Ted Jorgensen, left them as soon as he heard the news. Years later his mother married Miguel Bezos a Cuban. Now, Miguel adopted Jeffrey and he received his last name. The family moved to Houston, Texas. Jeffrey Bezos studied at River Oaks Elementary, he was always a very smart and witty little boy.

They moved to Miami, where he studied at Miami Palmetto Senior High School. And upon graduating he entered Princeton University to study Electrical Engineering and Computer Science, his thesis was cum laude. In 1996, he started working in a fiber optic company, FITEL, where he was responsible for the development of computer systems, his performance was so good that he became vice president. After moving to New York with the idea of ​​entering the world of finance, in Bankers Trust, he also held the position of vice president in 1990. In the following four years, Bezos worked with another Wall Street company: D.E. Shaw and Co.

Bezos realized that the purchase/sale of products and services on the internet or other electronic means would be a great field to explore and exploit. For this reason, he founded the electronic commerce company Amazon in 1995. Its service was something new for the netizens, which produced an increase in the visits quickly. Only in the first month of operation had books been sold in all corners of the United States. Months later it reached 2,000 daily visitors, a figure that would multiply abysmally in the next year. In 1997, the success made Amazon become one of the most important companies online.

Bezos had managed to conquer the internet business. Encouraged by the reception of consumers, he undertook the diversification of products, including CD and DVD media and electronic devices. As demand increased, this ingenious man included new products to his virtual store. The growth and its popularity were such that today it distributes from food to home, clothes and shoes, video games and music, to toilet paper and diapers. Amazon has experimented with the lucrative benefit of advertising since it gives the possibility to companies to advertise their products and mark them as featured products.

Bezos established independent Amazon websites for United States, Canada, United Kingdom, Australia, Germany, Austria, France, China, Italy, Spain, Japan, the Netherlands, Brazil, India and Mexico, the variety of products can be several in each country. Currently, the services are enjoyed by companies such as Target Corporation, Marks & Spencer, the NBA, Sears Canada, Timex or Bombay Company. The AOL online sales service also supports. In 2007, Bezos shook the world with the creation and launch of Amazon’s alter ego: Amazon Kindle, a device specially designed for the visualization of electronic books. Amazon Kindle was launched for the first time in North America and is currently available in 45 countries.

In 2011, The Economist awarded Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle. The following year, Bezos was named Entrepreneur of the Year by Fortune. It is part of the Bilderberg Group. Bezos has given several conferences in St. Moritz, Switzerland, and participated in the conference in Watford, Hertfordshire, England. He was a member of the Executive Committee of the Business Council in 2011 and 2012. In 2018, he appeared on the Forbes list, where a net wealth of 106 billion dollars was estimated. He has also received other awards as the best CEO in the world by Harvard Business Review. Jeff Bezos has also been on Fortune’s list of the 50 best leaders in the world. In September 2016, he was awarded the Heinlein Prize for advances in Space Marketing. He donated the prize money to the international student organization Students for the Exploration and Development of Space by Bezos.

Since 2017, he has seen an increase in Amazon shares. They went up more than 130%, which made him have a profit of more than 100 billion dollars, after this, he returned to be the richest person in the world. He was named Person of the Year in Time magazine and was awarded an honorary Doctor of Science and Technology degree at Carnegie Mellon University in 2008. Really, the awards and awards have been impressive. Much of this is because Bezos, started in the field of journalism, looking beyond its commercial horizons; beyond the web. Bezos entered the world of media, acquiring the traditional newspaper The Washington Post for the sum of 250 thousand dollars.

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Business

Elon Musk

Elon Musk biography
Photo: JD Lasica / CC BY 2.0

Elon Musk biography

Elon Reeve Musk was born on the 28th of June of 1972 in Pretoria, South Africa. He is known for being one of the founders of Paypal, SpaceX, Tesla Motors, OpenAl, and Hyperloop, among other companies. The entrepreneur and inventor appears in the list of the richest in the world, occupying the position number 56, in 2017, with 17.4 billion dollars. Forbes magazine, for the December 2016 publication, named him the 21st person with the most power in the world. His greatest goal, according to Musk, is to change humanity drastically; for this purpose, he works in SolarCity, SpaceX, and Tesla. One of his interests is the abandonment of petroleum fuels in order to reduce global warming. Perhaps Elon’s most ambitious project, so far, is the establishment of a human colony on Mars, with nearly a million people.

He spent his childhood in South Africa with his parents, an engineer from South Africa and a nutritionist from Canada. At age 10, with his first computer, a Commodore VIC-20, he began to learn to programme on his own. Two years later he sold his first videogame called Blastar for about $ 200. At that time he went through difficult times; his schoolmates subjected him to bullying because of his uncommon interests for them. Elon spent his money on science fiction books, comics, and video games.

In the period between 12 and 15 years of age, he entered into an existential crisis influenced by the readings of Nietzsche and Schopenhauer. The situation went to the extreme of taking him to the hospital because of beatings by his companions. In his home things were not better, the relationship with his father was quite complicated. He suffered the emotional violence of a father unable to understand him. Compulsory military service bothered him. For these reasons, at age 17, after graduating from high school in Pretoria, he decided to leave South Africa and take refuge with his mother in Canada.

What Musk wanted most was to reach the United States. He found in that country a way to make possible everything he imagined. Elon’s father conditioned his support: he would not pay for a university outside of South Africa. In 1989, while in Canada, he found a chance to study thanks to his maternal relatives, who came from North America. By 1992, Elon counted on a scholarship in the University of Pennsylvania. The young entrepreneur began his studies in Business Administration, in parallel he began his career in Physics. He was fortunate to have the support of one of his teachers, who turned out to be the executive director of Los Gatos, a company located in the southern part of San Francisco Bay, California. The experience gained on ultracapacitors in that company, and then in Pinnacle Research, along with the inspiration it had for inventors such as Nikola Tesla, made him define the fields in which he would focus on the future: renewable energy, the Internet and outer space.

The beginning on the Internet began with Zip2, in 1995, along with his brother Kimbal Musk and a friend named Greg Curry. The company was dedicated to the development and maintenance of web pages dedicated to the media. The idea was a success, managing around 200 sites on the Internet in the year of 1999. For that year the company was sold to Compaq for 300 million dollars; money that would help him found X.com. The next plan was to systematize payments and money management through the Internet, offering security and speed. The ease offered by X.com and security made the project a very profitable idea, as well as merging, in 2000, with Confinity; company that provided a similar service, but only between Palm Pilot devices. In 2001 X.com decided to change its name to Paypal.inc a well-known company that provides the service to make online payments internationally.

With the growing success, problems soon appeared. Different companies tried to close Paypal, including eBay, which ended up buying it in October 2002, for 1.5 billion dollars. The sale of Paypal gave way to the creation, by its former members, of companies such as LinkedIn and YouTube. The next Musk project was called Tesla Motors, the company that created the first functional electric car. The main investment in Tesla was solar energy. The idea was born in 2003 in the company AC Propulsion, which had a prototype electric car. Musk wanted to help design a sports car with the same base of AC Propulsion.

In 2004, along with Matt Tappenhig and Martin Eberhard, Tesla Motors was created, with the intention of mass producing the model T-Zero of AC Propulsion. Musk invested nearly 98% of the capital. The start of the company was hard; the budget for the first models exceeded what was expected, but they managed to sell enough to continue developing models. For 2012, 2100 Tesla Roadster was sold in different countries. In 2015 the Tesla Model X was launched, designed to cover all types of terrain.

Another of Musk’s three projects involves SpaceX. Thinking of establishing a colony on Mars, he began, in 2002, to investigate how to send a rocket to Mars. His initial idea was to obtain reusable rockets to carry out the two trips for reconnaissance missions. For that year, Space Exploration Technologies was founded, focused on launching rockets and reducing fuel costs and materials for launch with increases in viability. In 2008, an agreement was made between NASA for twelve rocket flights. Currently, SpaceX is responsible for the development of Falcon rockets, which use liquid fuel.

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