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Procedure video

Authority and Responsibility
SUBJECT : Principles of Management
PUBLISHED ON : 17/12/13
NUMBER OF PAGES : ( 6 Pages)
PRICE : Rs 4.5

Henri Fayol speaks of authority as "the right to give orders and the power to exact obedience"According to Fayol, the authority also includes power to reward or punish. There have been two schools of thought which define authority in different perspective. One is called the "formal authority theory" and the other is known as the "acceptance theory of authority".

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