Henry Fayol‚ a French industrialist‚ developed the theory of management. According to him‚ managerial excellence is a technical ability and can be acquired. He developed theories and principles of management which are universally accepted and make him universalistic. He was pioneer of the formal education in management. Fayol’s principles of management meet the requirements of modern management. Henry Fayol‚ offered fourteen principles of management for the first time in 1916. During the period
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principle (chain of command) a clear definition of authority in the organization. This authority flows down the chain of command from the top level to the first or lowest level in the organization. centralization occurs in an organization when a limited amount of authority is delegated. decentralization occurs when a significant amount of authority is delegated to lower levels in the organization. contingency approach an approach to organizational structure that states that the most appropriate
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below. Vertical differentiation The vertical differentiation indicated the location of decision making responsibilities within a structure. The vertical differentiation has two types of arguments: centralization and decentralization. There are four main arguments for centralization. First‚ centralization can facilitate coordination. An example might be a
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Organizational Structure An organization is a social unit of people‚ systematically structured and managed to meet a need or to pursue collective goals on a continuing basis. All organizations have a management structure that determines relationships between functions and positions‚ and subdivides and delegates roles‚ responsibilities‚ and authority to carry out defined tasks. Therefore‚ in order to better manage the large amount of resources and assets organizations need to be in some sort of
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this to happen‚ the organization has to have elements which ensure its sustainability and success. These elements are: Common purpose Co-ordinated efforts Division of labor Hierarchy of authority Span of control Departmentalization Centralization and decentralization COMMON PURPOSE Common purpose is the means for unifying members. An organization without purpose soon begins to drift and become disorganized. The common purpose unifies employees or members and gives everyone an understanding of the
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Logistics and Supply Chain Management Contents Introduction In the case study of Scientific Glass case‚ the production‚ distribution and inventory management systems of the company Scientific Glass case have been discussed. Scientific Glass Inc‚ is a mid-sized company which was growing at a fast pace. The company is trying to resolve its inventory management issues as it is blocking a lot of working capital hindering the growth and expansion of the organization. This case study critically
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military use a centralized organizational structure? The nature of our military’s missions require a structure with a definite chain-of-command for decision-making processes‚ distribution‚ and enforcing standards and discipline. The Need for Centralization Centralization is the measure of the distribution of authority over decision-making among the top-tier Army leadership and second-level commanders within the organization. Decision-making deals with the formulation of strategy‚ scheduling appointments
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Organizing Function Concept and Definition Organizing is the function of management which follows planning. It is a function in which the synchronization and combination of human‚ physical and financial resources takes place. All the three resources are important to get results. Therefore‚ organizational function helps in achievement of results which in fact is important for the functioning of a concern. According to Chester Barnard‚ “Organizing is a function by which the concern is able to define
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formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence of work specialization is to divide a job into a number of steps‚ each completed
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#Introduction : Henry R. Luce‚ Creator of Time-Life Magazine Empire once quoted‚ “Business‚ more than any other occupation‚ is a continual dealing with the future; it is a continual calculation‚ an instinctive exercise in foresight”. (Henry R. Luce Quotes 2010). Fluidity is pertinent for any corporation’s business survival in order to keep competition in check and continue to remain profitable especially in the current global market where competition and increasing consumer
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