Summarise the development of formal management theory, using Taylor and Fayol as a starting point.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: Oct 20, 2012 08:43 AM

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Summarise the development of formal management theory, using Taylor and Fayol as a starting point.

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Fayol was one of the most influential contributors to modern concepts of management having proposed that there are five primary functions of management 1 planning 2 organizing 3 commanding 4 coordinat...View the full answer

Managerial Accounting

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