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  2. Organizational structure - Wikipedia

    en.wikipedia.org/wiki/Organizational_structure

    Bureaucratic structures have many levels of management ranging from senior executives to regional managers, all the way to department store managers. Since there are many levels, decision-making authority has to pass through more layers than flatter organizations. A bureaucratic organization has rigid and tight procedures, policies and constraints.

  3. Public administration theory - Wikipedia

    en.wikipedia.org/wiki/Public_administration_theory

    The Classical Public Administration Theory prioritizes efficiency in organizational work, professionalization, a pragmatic approach to bureaucracy, and merit-based promotions. The classical system includes a strict definition of responsibilities and objectives and control over all involved functions.

  4. Organizational theory - Wikipedia

    en.wikipedia.org/wiki/Organizational_theory

    Bureaucratic officials are expected to contribute their full working capacity to the organization. Positions within a bureaucratic organization must follow a specific set of general rules. Weber argued that in a bureaucracy, taking on a position or office signifies an assumption of specific duties necessary for the smooth running of the ...

  5. Budget-maximizing model - Wikipedia

    en.wikipedia.org/wiki/Budget-maximizing_model

    According to the budget-maximizing model, rational bureaucrats will always and everywhere seek to increase their budgets in order to increase their own power, thereby contributing strongly to state growth and potentially reducing social efficiency. The bureau-shaping model has been developed as a response to the budget-maximizing model.

  6. Management control system - Wikipedia

    en.wikipedia.org/wiki/Management_control_system

    Management control as an interdisciplinary subject. A management control system (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole in light of the organizational strategies pursued.

  7. Management accounting - Wikipedia

    en.wikipedia.org/wiki/Management_accounting

    Management accounting is an applied discipline used in various industries. The specific functions and principles followed can vary based on the industry. Management accounting principles in banking are specialized but do have some common fundamental concepts used whether the industry is manufacturing-based or service-oriented.

  8. Formal organization - Wikipedia

    en.wikipedia.org/wiki/Formal_organization

    In the opinion of systems theory and cybernetics, however, formal organization fades into the background and only serves, if necessary, to supplement or to correct. Changes in structure always redevelop because of the conduct and differences among coworkers, and the ability of self-organization is recognized as a natural characteristic of a ...

  9. Strategic financial management - Wikipedia

    en.wikipedia.org/wiki/Strategic_Financial_Management

    Strategic planning is an organisation’s process to outlining and defining its strategy, direction it is going. This led to decision making and allocation of resources inline with this strategy. Some techniques used in strategic planning includes: SWOT analysis, PEST analysis, STEER analysis.