STUDY GUIDE BMOM 5203 ORGANISATION AND BUSINESS MANAGEMENT Chapter 2 – Theories in Management Introduction The Appendix to Chapter 1 of the textbook by Bateman & Snell (2011) describes the history of management and its major approaches. The approaches are grouped into five‚ namely‚ classical‚ behavioral‚ management science‚ contingency‚ and the systems approach. Learning Goal The goal is to enable you to identify the historical benchmarks of management which are still applied today. Learning
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indestructible - All atoms of an element are identical - Atoms of different elements have different masses - When elements react‚ their atoms combine in simple‚ whole number ratios Some of the details off Dalton’s original theory are now known to be incorrect. But the core concepts of the theory (that chemical reactions can be explained by the union and separation of atoms‚ and that these atoms have characteristic properties) are foundations of modern physical science. 4. Dalton and a few Greek philosophers
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Phlogiston Theory According to the phlogiston theory‚ propounded in the 17th century‚ every combustible substance consisted of a hypothetical principle of fire known as phlogiston‚ which was liberated through burning‚ and a residue. The word phlogiston was first used early in the 18th century by the German chemist Georg Ernst Stahl. Stahl declared that the rusting of iron was also a form of burning in which phlogiston was freed and the metal reduced to an ash or calx. The theory was superseded
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THE HOLLOW MOON THEORY Have you ever considered that maybe the moon isn’t exactly what it seems? It has been decided that the moon ended up where it is as a result of a collision with earth and another planet before the solar system was fully formed. There are many different conspiracy theories floating around out there that try and disprove this idea. One of the many theories regarding the moon is the Hollow Moon Theory. It may be hard to believe that anything other than science is in play here
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8434_Harris_02_b.qxd 09/20/2001 11:37 AM Page 2.1 CHAPTER 2 BASIC VIBRATION THEORY Ralph E. Blake INTRODUCTION This chapter presents the theory of free and forced steady-state vibration of single degree-of-freedom systems. Undamped systems and systems having viscous damping and structural damping are included. Multiple degree-of-freedom systems are discussed‚ including the normal-mode theory of linear elastic structures and Lagrange’s equations. ELEMENTARY PARTS OF VIBRATORY SYSTEMS
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NEPOTISM Nepotism – favouritism In a business world‚ simply hiring one’s own family members or it can mean hiring and advancing unqualified or under-qualified family members based simply on the familial relationship. Many companies and individuals consider the practice to be unethical‚ largely due to its conflict with traditional American values of self-reliance and fairness. APPLICATIONS Hiring family members can also provide benefits to companies‚ for example by reducing their health insurance
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6B: Classical and Neoclassical Theories of Money Business cycles tend to be relatively minor and are quickly and automatically cured so that the economy will return to its original full employment equilibrium according to: (a) the population dynamics theory. (b) psychological theories of the business cycle. (c) Joseph Schumpeter’s theory of creative destruction. (d) classical macroeconomic theory. (e) external shock theory. A graph showing a positive relationship between the interest rate
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Management Theory Taxonomy Some would define management as an art‚ while others would define it as a science. "Management is not an exact science‚ but rather is a mix of art‚ scientific methodology‚ intuition‚ investigation‚ and most of all‚ experimentation" (Miller & Vaughan‚ 2001‚ Winter). "Management is not static. It is evolving‚ as are people who manage and are managed." (http://angel02.gcu.edu/AngeIUploads/ContentlMGT301 LORI assic/9668726CD47F4 EFAB1A77328734D41 EC/!ecture MG
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Theory of Demand Q. Distinguish between a normal goods & an inferior goods. Give examples in each case. Ans. Normal Goods are those in case of which a positive relationship between income & quantity demanded. Other things remains constant‚ quantity demanded increase in response to increase in income & vice versa. Inferior Goods are those in case of which there is negative relationship between income & quantity demanded. Other things remains constant‚ quantity demanded decreases
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systems theory. To develop the early theories of family therapy‚ theorists frequently simply modified older theories to fit their newly developed systems paradigm. These modifications changed their unit of analysis from the individual to the family. Kerr and Bowen (1988) summarize this by asserting‚“Family systems theory radically departed from previous theories of human emotion functioning by virtue of its conceptualization of the family as an emotional unit” (p. viii). Bowen’s theory was a grand
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