Classical management theory

Corporate Social Responsibility (CSR)

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Freeter

A young person in Japan who works in low-paid, insecure jobs.

World Economic Forum (WEF)

An international organization known for its annual meeting in Davos, focusing on global economic issues.

Administrative Management

A theory developed by Henri Fayol that focuses on the principles and functions of management.

Bureaucratic Organization

A management style characterized by a clear hierarchy, division of labor, and adherence to rules and procedures, as proposed by Max Weber.

Scientific Management

A theory of management that analyzes workflows to improve efficiency, notably developed by Frederick W. Taylor.

Fayol’s 14 Principles of Management

Guidelines proposed by Henri Fayol that form the foundation for management practices, emphasizing aspects like division of work, authority, discipline, and unity of command.

Unity of Command

A principle stating that an employee should report to only one manager to avoid conflicting commands.

Division of Work

The assignment of different tasks to different people or groups to enhance efficiency.

Scalar Principle

A principle stating that authority should flow in a clear hierarchy from top to bottom.

Esprit de Corps

A principle that emphasizes the importance of team spirit and unity among employees for organizational success.

Job Specialization

The process of focusing on a narrow range of tasks, which leads to increased efficiency.

Bureaucracy

A system of administration characterized by formal rules and hierarchy, as developed by Max Weber.