, objective approach to the management of labor.

It is also engaged with

this tradition of management through a focuses on its problems, such as its

narrow conception of communication for all the people belonging to a business

so it is best to know what may be possibly happen in a business and to avoid any

other problems that may affect one’s business. In this practice, individuals also

having resistance of such practices as it gives rationality and efficiency present in

the practice of scientific management.

It is a kind of modern organization that has motivated business owners as

well as students in different types of managerial technique, which we can apply in

real life situations especially if we owned a business. From this literature, we may

learn the importance of each management skills in all types of businesses that

everyone will get reminded of that it is essential in a business to have an

effective management in order to achieve economic efficiency, especially labor

productivity. In all businesses we are all aware that it is very important to have a

management’s maintenance to avoid losses and also to ensure that one’s

business is self-sustaining. Management styles can provide in maintaining

business in it good position and we’ll be additionally seen how a businessmen

and business owners can utilize quantifiable information to enhance the

productivity and viability of business operations.

Hall (2010) examines the dimensions of bureaucratic concept drawn from

Weber’s model division of labor. It determines the based on functional

specialization, well-defined hierarchy of authority, system of rules and system of

procedures for dealing with work situations. There a lot of variety of methods can
be done to have a better management on a business and one of these is the so-

called the bureaucratic management there is a division of labor here which it can

make it too easy to manage certain task and work in one’s business; also a

system of procedures as it can help to make it easier to perform jobs in all

businesses.

The author associated that the bureaucratic dimensions are meaningful

organizational attributes because it gives dimensions varies independently

among organizations, as it give a guides to the execution of all processes within

the business. It helps different type of organizations in managing their internal

and external affairs.  Thus, there is standardization of procedures and organizing

decision making processes that helps each individual in a business to learn more

about the right and effective management in a business, some of them are

performed a given task given by the owners but they can easily perform it as if

they have a procedures and division of labor in the organization of business. This

kind of management style will also intend to anticipate needs and improve

efficiency in all types of businesses.

Michelle J. White (2016) on her annual review of financial economics

aimed to determine that bankruptcy is a financially distressed of firms and

individuals because it is one of the worst thing can happen in one’s business the

“bankruptcy” if it will happen all the money you’ve invested for your business will

be gone. And sometimes you will be experiencing business debts due to the

bankruptcy, there are many such factors will be experience because of this loss.

It is state here that it is an important part of the legal environment is the small
business owners and their lenders because small businesses are very risky and

often fail, because bankruptcy law affects how business owners and their lenders

are treated in the event of failure.

This article discusses how bankruptcy law affects small businesses, so it

is necessary in every business owners that they should be responsible on how

they will remain their business, whether failing business or whether bankruptcy

leads to efficient decisions concerning reorganize and liquidate it. This is the

realization to all individuals who want to have their business someday should

plan their techniques and management styles so they can avoid bankruptcy and

starting to have an effective management in their businesses.

Related Studies

(S. J Ralston, 2012) the study determines that scientific management

focuses on physical efficiency rather than on social efficiency because of the

workers that handles their work in such to provide a service for their customer.

This study aimed to present that scientific management may be claimed as

“efficient” from the viewpoint of increased output. As scientific management

emerged with the demand of the highly subordination by the labor towards

management, there is an increasing output if one’s business have their

procedures on how to maintain making goods and services throughout their

customer. In this management, it aims at achieving as many outputs as possible

by compelling workers to do as they are told.

 Scientific management affirms on achieving its organizational goals as the

business becomes efficient in a way of having an effective management. It is

important to have this kind of management in order to have an efficient business

because it can improve one’s business productivity and have a substantial

impact on industry through real life business evidence. It also describes some of

the benefits of effective scientific management that can have a vital good

management and the key factor in the success of a business.

Gitman (2009) Bankruptcy is an obvious form of failure; the courts treat

technical insolvency and bankruptcy in the same way. They are both considered

to indicate the financial failure of small businesses, it is presented in this study

that some of businesses that are inclined in bankrupt is the small businesses

because they are risk taker that result to often fail.

This bankruptcy has a lot of meaning especially in the business owners

because some of them are experiencing this kind of loss. Bankruptcy refers to

one’s business who can’t repay their outstanding debts, no capacity to pay, and

some are losing of customers. Bankruptcy has an impact for all the businesses,

such as the owner itself. It is responsible by the owners of business to know what

are the managerial management that can use in order to have proper

management. This is also a realization for all businessmen that it is important to

have an effective management in order to avoid bankruptcy in business.