Unity of direction means the right to give orders, according to Henri Fayol.
Most decisions have no options or alternatives.
The grand strategy is the overall “plan of attack” for the corporation.
Robert Owen is considered the father of scientific management.
According to management guru Peter Drucker, a mission statement should answer,
“What is our business? What should it be?”
Maslow developed a needs-based theory of motivation.
Both managers and organizations must strive to exceed customer needs.