Evolution of Management Theory & Practice

EVOLUTION OF
MANAGEMENT THEORY &
PRACTICE

INTRODUCTION
• INTRODUCTION
• Total Quality Management
• Just in Time/Lean Processes
• Technological Innovation as a driver of change
• Environmental and Sustainability Issues
• End of Capitalism and Post Capitalism
• CONCLUSION

INTRODUCTION
The identification and implementation of appropriate management practices and approaches are
very essential for the regulating the work operations of business organisations. The report
highlights upon the role of management of different management practices and the importance
associated with the maintenance environmental standards and sustainability.

TOTAL QUALITY MANAGEMENT
It can be characterised as a tool utilised by business
organisation with the aim of enhancing and encouraging
the customer satisfaction through the conciliation of
quality goods and services to the same (Al-Dmour, Al-
Dmour and Rababeh, 2020). Total quality management
consists of various essential concepts and elements that
needs to be included in the management functioning of
the organisation in order alleviate the work operations of
the same in the long run. For example : Amazon. Some
of the major concepts of TQM are as follows :-