According to Mary Parker Follett, what elements are deemed essential for a successful business?

Study for the Management Information Systems (MIS) Test. Utilize flashcards and multiple-choice questions, ensuring to understand hints and explanations. Prepare effectively for your exam!

Mary Parker Follett, a pioneer in management theory, emphasized the importance of teamwork and collaboration as essential elements for a successful business. While competence and expertise are certainly valuable within an organization, Follett's teachings highlight that the dynamics of how individuals work together significantly influence overall effectiveness and success.

She believed that through collaboration, organizations could harness diverse perspectives and skills, leading to more innovative and effective solutions. Follett's concept of "power with" rather than "power over" underscores the importance of collective effort and shared responsibility in achieving business goals.

In contrast, the other options, such as innovation and marketing, cultural awareness and adaptability, while important in some contexts, do not reflect Follett's core principles regarding organizational success as strongly as the focus on teamwork and collaboration. These alternative elements might contribute to specific aspects of business operations but do not encapsulate the foundational role of collaborative dynamics as Follett envisioned.

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