Examlex
Who or what is responsible for bringing together scarce resources to produce most of the goods and services in the U.S.?
Systems Approach
A holistic perspective that considers all components of a system and their interactions to understand or solve complex problems.
Management Theory
A collection of ideas and principles that provide a framework for effective management and organization of businesses and other enterprises.
Unity of Command
A principle in management and military strategy that stipulates each individual should report to only one manager to avoid confusion and conflict.
Henri Fayol
A French engineer and management theorist who is best known for developing a general theory of business administration and establishing the 14 principles of management.
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