BUSI 1600U Lecture Notes - Lecture 8: Henri Fayol, Change Management, Departmentalization
Document Summary
Management of the enterprise ch 9 lecture notes october 17, 2015. Departmentalization is the process of setting up individual departments to do specialized tasks. Managing change has become a critical managerial function. Economies of scale refers to the fact that companies can reduce their production costs if they can purchase raw materials in bulk. Henri fayol published administration industrielle et generale in 1919 popularized in north. America in 1949 as general and industrial management. Hierarchy is a system in which one person is at the top of the organization and there is a ranked or sequential ordering from the top down of managers and others who are responsible for that person. Chain of command is the line of authority that moves from the top of the hierarchy to the lowest level. Henry mintzberg, an expert on management and business, supports the current view that there is no single structure that will lead to success for all organizations.
