Exhibit 2–1 Major Approaches to Management Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall 2–1 Exhibit 2–4Weber’s Bureaucracy Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall 2–2 Theory X and Y • Douglas McGregor proposed the two different sets of worker assumptions. Theory X: Assumes the average worker is lazy‚ dislikes work and will do as little as possible. • Managers must closely supervise and control through reward
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ADMINISTRATIVE VIEW OF MANAGEMENT The Administrative Management It is a term that used by the managers and executives responsible for coordinating and improve the performance of the entire function of the groups ‚ units across and organization. Henri Fayol ( 1841 – 1925 ) Henri Fayol a French industrialist has wrote a book title Administration Industrialle et Generalle in 1916 ‚ according to his book theories about management he thought could be applied to the management of any organization
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persons)‚ accounting activities (stocktaking‚ balance sheet‚ costs‚ statistics) and managerial activities (planning‚ organization‚ command‚ coordination‚ control). 2) What were Fayol’s 14 principles of management? Henri Fayol argued that there is no limit to the number of principles of management‚ but still he distinguished the following 14: Division of work: to produce more and better work with the same effort. Authority: the right to give orders and the power to exact obedience. Discipline:
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Constraints on the marketing mix The marketing mix in public houses is driven by the marketing division of each company which on its own has its own draw back as a lot of the marketing and promotions are done generically so not all the ideas they have work in all pubs one of the biggest constraints in pubs is the food side‚ which in today’s business is high‚ some pubs would not exist without it. The marketing mix‚ the four P’S as it is known by‚ for this piece of work this will extend to the
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Stock Repurchase Repurchase of stock can be viewed in each of the following way: investment‚ financing‚ shareholder distribution and control issue. Repurchase of stock can be a way to use firm’s excess debt capacity. By doing so‚ firm can lower the cost of equity financing. If debt financing is more flexible and cheap‚ replace equity financing with debt financing is a good way to lower the weighted cost of capital. In this sense‚ such action is a financing issue because it controls the cost of
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In this assignment I will describe the limitations and constraints of marketing for Barclays. Within this I will discuss legal Acts that Barclays have to comply with when advertising‚ collecting data and market researching. Any and every organisation has limitations and constraints that they have to submit too within marketing‚ when it comes to market research‚ advertising or collecting data there are three laws every business has to obey. These laws are: Data Protection Act 1998 Trade
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Vision 2011: Rough Draft Angelina Helling Tak Shing Hung Andrew Macharia Claire MacLennan BA544: Organizational and Management Theories December 4‚ 2011 Dr. Rhonda Polak Abstract The purpose of this paper is to explain why reframing can be so important to a business. In today’s world‚ businesses must stay on top of the competition and in touch with the ever-changing world of technology. Over time‚ a business can become stagnant‚ may be running on cruise-control or run out of new ideas
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Mental Capacity Act The Mental Capacity Act was passed in 2008 in Parliament so that Singaporeans can appoint proxy decision-makers before they become mentally incapacitated by illnesses like dementia or brain damage. The Act‚ which came into force on 1 March 2010‚ is broadly modelled on the UK’s own Medical Capacity Act 2005 (Gillespie‚ 2010) and individuals can do so through a new statutory mechanism called "Lasting Power of Attorney" or LPA – which enables adult individuals to prospectively
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ACKNOWLEDGEMENT I would like to express my sincere gratitude to my chemistry mentor abcd ‚ for his vital support‚ guidance and encouragement -without which this project would not have come forth. fermentation of the following fruit or vegetable juices. i. Apple juice ii. Carrot juice (1) INTRODUCTION to the topic Fermentation is the slow decomposition of complex organic compound into simpler compounds by the action of enzymes. Enzymes
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better the company. Joan must trust within her employees that all will be able to get the job done in order to strengthen the vision. Kanter’s Theory is one way of having this happen. Kanter’s Theory states that structural empowerment is focuses on the structures within the organization rather than individuals own qualities (Bradbury Jones‚ 2007). This theory states that leaders powers will grow by sharing the power through others and in result leaders will notice increased organizational performance
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