Centralization of decision making - The degree of centralization must vary according to different cases. The objective to pursue is the optimum utilization of all faculties of the personnel. Equity - Equity results from the combination of kindliness and justice. Equity excludes neither forcefulness nor sternness and the application of it requires much good sense, experience and good nature. The power of thinking out and executing is what is called initiative, and freedom to propose and to execute also belongs to initiative.
Line provides product or service directly to the customer or consumer.
Staff supports line. The number is generally believed to be about 10. 3. The management process. The Iacocca Process requires that the following process be completed for all subordinates on a monthly or quarterly basis. Meet with each subordinate individually for no more than 2 hours.