O&M 11

It is defined as the process of administering and controlling the affairs of the organization irrespective of its nature, type, structure and size.

• business organization

• globalization of business

• business management

• business engagement

It is the primary concern for consumers , so managers must never fail to address this to be competitive. The balance to gain profit and remain affordable to clients is compulsory for business organizations.

• cost

• speed

• innovation

• quality

They have consistently discussed and explained the traditional, functional approach to management through planning (delivering strategic value), organizing (building a dynamic organization), leading (mobilizing people), and controlling (learning and changing).

• Fredrick and Fayol

• Weber and Taylor

• Bateman and Shell

• Heizer and Collin

It is an intrinsic requirement for all customers, as they need to have 'what they want when they need it.'

• service

• competitiveness

• speed

• quality

It is the ability to do something consistent with a desired level of performance.

• skill

• passion

• decision

• talent

It provides the best chance for a company's continuous growth and survival, as these factors are what differentiate the company from competitors.

• core evaluation

• core competencies

• core values

• core group

It is the ability to use resources to generate maximum output from every unit of resource input used.

• innovativeness

• efficiency

• conciseness

• effectivity

He is the proponent of the Iceberg Theory in correlation to the management of the people.

• Henry Fayol

• Ernest Hemingway

• Fredrick Taylor

• Max Weber

It is an organizational structure that is characterized by many rules, standardized processes, procedures and requirements, number of desks, meticulous division of labor and responsibility, clear hierarchies and professional, almost impersonal interactions between employees.

• democracy

• oligarchy

• aristocracy

• bureaucracy

A single person holds the entire operation as his personal property, managing it on a day-to-day basis.

• sole proprietorship

• partnership

• corporation