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Henry Mintzberg | The Professional Organization
Mintzberg first discusses the basic structure and uniqueness of professional organizations and how they differ from machine bureaucracies and innovative organizations. He then presents various forms and models of professional organizations. Finally, he shows how the characteristics of being both democratic and autonomous can lead to favorable as well as unfavorable conditions among professionals.
-Resistance to innovation by professionals is due to their
Uncollectible Accounts
Accounts receivable that are considered irrecoverable and are written off as a loss by a business.
Perpetual Inventory System
A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Aging of Receivables Analysis
A method used to assess the financial health of a company's accounts receivable by categorizing outstanding invoices by their due dates.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collected.
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