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UNDERSTANDING BUSINESS ORGANISATIONS WITH REFERENCE TO MANAGEMENT THEORY.
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2. UNDERSTANDING BUSINESS ORGANISATIONS WITH REFERENCE TO MANAGEMENT THEORY. a) Classical-Scientific: How best to manage & organize work more efficiently to improve productivity. Taylor’s 4 principles of scientific management: 1- Examine each part of task. 2- Select suitable workers & train them. 3- Cooperate with workers to guarantee they use scientific methods. 4- Divide work & responsibility. Functions of management: 1. PLANNING: - setting goals, working out best way to achieve them. a) Strategic Planning: long-term planning. b) Tactical Planning: Short-term planning. (1 or 2 years) c) Operational Planning: Day-to-day planning. 2. ORGANISING: - next stage of management. Determines: • what is to be done • who does it • how Involves translating plans into reality to achieve goals. 3. CONTROLLING: - measuring actual performance in a business and comparing measurements to what was planned. CHAIN OF COMMAND: line of authority from top of business to bottom.
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