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Centralization
refers to concentration of power among a few key decision makers. -
decentralization
process by which decisions are made by mangers at various levels within an organization. Centralization and declination where thought of basically at the same time -
Monopoly
occurs when one party maintains total control over one type of industry -
scientific management
scientific management seeked out to increase creativity and make work easier by carefully studying work procedures and determine the best way to perform a task -
Total quality management (TQM)
It was created to make sure products and workers would work towards completing their job. -
hierarchy of needs
a man named Maslow thought up of this, he thought that grouping and ordering of physical security, social, and self fulfilment are important needs. -
Theory x
A man named Douglas Mcgregor developed two contrasting theories, these two theories were called theory X and theory Y. Douglas saw theory X as if you disliked your work environment and has very little motivation to do your job this is considered theory X. https://www.mindtools.com/pages/article/newLDR_74.htm (reference) -
Theory Y
Douglas Mcgregor thought up of this theory that if people find satisfaction from working then they are in the theory y category. -
business ethics
business ethics in the united states can be viewed as the intersection of three intertwined strands, with each strand serving a purpose -
theory z
this was invented by a man called William Ouchi it followed the theory x and y. He said we were able to learn from other countries on how to adapt towards business.