Primarily, he is remembered for the contributions he made in the area of microeconomics (Simon, 1978). He created organizational decision-making, which was very significant, and the ideas that he came up with in that area are still known and accepted today. Uncertainty in this particular area was another one of the concepts that Simon introduced and that is still important today (Simon, 1991). Most of the works that he

Discipline was to be secured through good superior, clean, and fair agreements and judiciously applied sanctions. Sanctions included remonstrances, warnings, fines, suspensions, demotions, and dismissals (Parker & Lewis, 1995, p.219) Research has been done to show the significance of long-rang planning practices in the food, chemical, oil, steel, machinery, electronics, and retail segments of U.S. industry (Rue, 1973, p.23). Variations of Fayol's theory provide the curriculum framework for most collegiate business

Delegation of duties is an important element of any successful management program. The ability to effectively delegate responsibilities focuses on the strengths of each team member and allows them to handle the areas that they have strengths in. In the field of electronic engineering this can include assigning different steps of the process to different engineers or engineering assistants. In addition to delegating the things that need to be done to

Evolution of Management There are many contributors to the field of management creating different management styles and theories. The major contributors to management thought are Frederick Taylor with the scientific management, as described in "Shop Management 1903," "Principles of Scientific Management, 1911" (Koontz & Weihrich, 2006). This thought believes that the main concern for management is the increment of productivity and pay for employees, by applying scientific methods. The theory emphasizes

Taylor had faith that the best man for the job is to be chosen. He is required to possess the physical and intellectual qualities to attain the required output. However, it was up to the management to make it sure that the right people were chosen and trained. This forms the foundation for the quality circles. Operatives congregate to deliberate on work related difficulties, prove into the reasons and solutions

External environment plays a key role in the manager's roles. Different factors in the external environment create opportunity and present threats to which the organization needs to respond. It is important for managers to conduct an environmental scan in order to better understand the environment in which they operate. Juervicius (2013) explains one system, the PESTLE system, which forces managers to think about the different external factors that affect their