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ACCT 301 Lecture Notes - Morale, Human Relations Movement, Scientific Management

Course Code
ACCT 301

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The role of management
Classical theories
• Planning
• Standardizing
• Improving human effort at the operative level
• To maximize output with minimum input
Fayol divides the activities into six main groups:
• Technical – production, manufacturing
• Commercially – buying, selling, exchange
• Financial – obtaining and using capital
• Security protection of people and property
• Accounting stocktaking, costing, statistics, balance sheet
• Managerial – planning, organizing, commanding, coordinating and controlling
Fayol’s fourteen rules of management conduct are:
1. division of work
2. Authority
3. Discipline
4. Unity of command
5. Unity of directors
6. Subordination to the
general interest
7. Remuneration
8. Centralization
9. Scalar chain
10. Order
11. Equity
12. Tenure of personnel
13. Initiative
14. esprit de corps
• Rational – legal authority
• Traditional based upon custom & practice
Charismatic the individual has some special personal quality
Rosemary Steward summarizes the four main features of bureaucracy as:
• Specialization
• Hierarchy of authority
• System of rules
• Impersonality
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