Henri Fayol, a French engineer and management theorist, is credited with developing one of the earliest comprehensive theories of management. His 14 principles of management provide a broad and enduring framework for managing organisations effectively. Though formulated in the early 20th century, these principles remain relevant and widely applied in contemporary management practices. This article … Continue reading Fayol’s 14 Principles of Management: A Timeless Guide to Organisational Success
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Decision Making – Why Most Suck At It.
There are several reasons why people struggle with decision making: Lack of information: Decision making requires accurate and relevant information. The lack of necessary information to make informed decisions is the biggest source of indecision. Cognitive biases: Cognitive biases can impact decision making by causing people to make choices based on preconceived notions or flawed … Continue reading Decision Making – Why Most Suck At It.
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Likert Management System
Rensis Likert and his colleagues at the University of Michigan in the United States studied the patterns and styles of managers for three decades and came up with what is now known as Likert Management System According to this theory there are four system of interaction between managers and their team. Exploitative - Authoritative System … Continue reading Likert Management System
