Examlex
Henri Fayol is noted for originating which of the following concepts?
Strategic Direction
This outlines the long-term vision, goals, and objectives of an organization, guiding its strategic planning and decision-making processes.
Shareholders
Shareholders are individuals or institutions that own shares in a company, giving them partial ownership and a stake in the company's performance and decision-making.
Firm-Level Developments
Changes or growth initiatives undertaken by a company to improve its competitiveness, efficiency, or market position.
Single-Loop Learning
The attempt to solve a problem using a single strategy, without examining the validity of the problem itself.
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