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3 years ago

What contributions of Early Management theorists would still be applicable to today's organizations?

Business

1 answer:

baherus [9]3 years ago

4 0

Answer:

The need for the formal management theories were important as seen by the Industrial revolution, in the construction of the Egyptian pyramids and many more.

Explanation:

Management theories are concepts that surrounds the management theories that includes tools such as guidelines and framework which are implemented in the modern day organizations.

We can see the early examples of the management practices that are used in the construction of arsenal of the Venice and also when Egyptian pyramids were constructed. One more example is the industrial revolutions where it was more economical to manufacture the produce or manufacture at the factories than at home. Here managers needed formal management theories to control and guide them.

Today the managers used the concepts of the scientific management at times where they analyze the normal work tasks that needs to be performed, to use the time as well as motion study to eliminate the wasted motions and to hire the best qualified worker for the job.

The theories are best selected to structure their organizations for the resources to be used efficiently and effectively.

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. Super Fine Rice Ltd. Has the largest share of 55% in the market. The company's policy is to sell only for cash. In 2015, for t

Marizza181 [45]

Answer: 1. Planning should not be rigid.

2. Planning does not guarantee success

Explanation:

The limitations of planning which led to decline in it sales are that planning should not be rigid and that planning doesn't always guarantee success.

Planning brings about rigidity. A plan that well defined is usually Dewan along with the goals that needs to be achieved and this is used in deciding the future curse of action that'll be taken. This can bring about rigidity in the organization. In this case, the managers of Super Fine Rice Ltd. continued to rely on it's previously tried and tested successful plans which didn't work because the environment is not static.

Also, planning does not guarantee success. Success can only be achieved in a situation whereby the plans are implemented properly. A plan that isn't implemented and translated into action will become meaningless.

8 0

3 years ago

Which chart is best used to show the results of a class survey with 4 field trip options?

Nimfa-mama [501]

C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.

7 0

3 years ago

Read 2 more answers

What are the <img src="https://tex.z-dn.net/?f=%20%5Ctt%20%5Cpink%7BPrinciples%7D%20" id="TexFormula1" title=" \tt \pink{Princip

Fantom [35]

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<h3>There are fourteen principles of management. They are:</h3>

Division of work
Authority and responsibility
Discipline
Unity of Command
Unity of Direction
Subordination of individual interest
Remuneration
Centralization
Scaler Chain
Order
Equidity
Stability
Initiative
Escript de Crops

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8 0

2 years ago

Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False a.

poizon [28]

Answer:

a. Curve MM is more elastic between points A and C than curve NN is between points A and D: TRUE

b. Between points A and B, curve LL is unit elastic: FALSE

c. Between points A and D, curve NN is inelastic: TRUE

Explanation:

Elasticity is the responsiveness of quantity demanded or quantity supplied to a change in the price. There are five categories of elasticities:

1. Perfectly elastic: Quantity changes even without a change in price. Curve is a horizontal line.

2. Elastic: Change in price is smaller than a change in quantity. Curve has a smoother slope.

3. Unit elastic: Change in price causes a proportionate change in quantity. Curve is a rectangular hyperbola.

4. Inelastic: Change in price causes a smaller change in quantity. Curve is a steep slope.

5. Perfectly inelastic: Change in price causes no change in quantity. Curve is a vertical line.

5 0

3 years ago

Security is a financial instrument backed by assets. They give the holder an interest or right in something else. A regulation u

Ksivusya [100]

Answer:

c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income

Explanation:

As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.

Accordingly if it is a security, the security laws will be applicable on them.

Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.

7 0

3 years ago