Evolution of Management Theory and Practice: Organizational Impact

This essay explores the evolution of management theory and practice, focusing on how management practices influence organizational performance. It discusses changes in the operating environment, including shifts in consumer beliefs and emerging trends like the demand for sustainable products. The essay highlights key developments in management practices, such as risk and crisis management, and emphasizes the importance of adapting to change through improved communication and strategic planning. The conclusion underscores that effective management practices are crucial for organizations to succeed in diverse global markets. Desklib provides resources for students to further explore this topic.

Evolution of Management Theory &
Practice

Table of Content
• INTRODUCTION
• Practices of management
• Changes in the operating environment of the organizations
• CONCLUSION
• REFERENCES

INTRODUCTION
 The management practices are the actions that are taken
by the organizations for the improvement of their day to
day performances.
 This method is usually used by the management of the
organizations for making their work system more
effective.

Practices of management
 The practices of the management can be defined as the actions by
the organization towards the improvement of their operational
performance
 These practices help the organization in improving the work
efficiency of their staff so that the business can achieve their goals
in the global markets.

Changes in operating environment of the
organizations
 There can be a lot of changes that can be a result of the
management practices in the organization.

Current changes
 There are various changes that has been brought by
the management practices in the operating
environment. Some of them are as follows:
 Change in belief- The behaviour of the people in
the market is changing as they are now changing
their preferences because of the lack of belief in the
organizations.

Future changes
 The changes make the impacts on the organization by making them
to change their strategies and business objectives.
 Change in trends- There can be a change in the preference of the
people for buying sustainable products.

Developments in the practices of
management
 The practices of management have been developing after the changes
in the environment of the business.
 Risk Management- The risk management is the recent development
aspect that has been added to the management practices.
 Crisis management- The crisis management was not a serious issue
for the organization as they were not in need of making the necessary
preparations.

Types of management practices
There are various types of the management practices that can be
performed by the organization for improving performance of
operations and employees.
 Improving communication
 Planning strategically
 Adaptation of change in compliance

CONCLUSION
 Thus, it can be concluded that the organizations can use the
management practices in their business for successfully operating in
the various countries
 The management practices such as, improving communication and
strategically planning can help the organization in various aspects of
the business.

REFERENCES
Books and journals
 Adegbite, O.E. and et.al., 2018. The organisation business
environment. In Organisational Adaptations (pp. 11-26). Springer,
Cham.
 Barquero Cabrero, J.D. and Llopis, J., 2020. The Evolution of
Management and Marketing in the Digital Era. European
Accounting and Management Review. 6(2). pp.1-22.
 Bloom, N. and et.al., 2019. What drives differences in management
practices?. American Economic Review. 109(5). pp.1648-83.