Final answer:
The Fayol theory is a set of principles developed by Henri Fayol to help organizations achieve their goals.
Step-by-step explanation:
The theory developed by Henri Fayol to achieve organizational goals is known as the Fayol theory. Fayol was a French mining engineer and is often considered the father of modern management theory. According to Fayol, there are 14 principles that can help organizations achieve their goals.
These principles include unity of command, division of work, scalar chain, and more. By following these principles, organizations can improve efficiency, coordination, and overall performance.
For example, the principle of unity of command ensures that employees receive instructions from only one supervisor, preventing conflicting orders and confusion. This promotes clarity and accountability within the organization.