Evolution of Management Theory & Practice

EVOLUTION OF
MANAGEMENT
THEORY &
PRACTICE

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Essay.......................................................................................................................................1
PART 2............................................................................................................................................6
Covered in PowerPoint Presentation......................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Management Theory and Practice is a detailed account which provides an effective and
appropriate introduction to theory, as well as practice of management since its inception and how
best it is being applied in the current phase of business and its potential growth and modification.
Furthermore, it is a necessary aspect that must be taken into account by management
practitioners and entrepreneurs to understand its application, as well as effective shaping up of
the practices within the future (Strand and Freeman, 2015). Hence, in this context, the report
below is based on evolution of management theory and practice, which is divided into two parts.
The first part of the report is a detailed essay, which would be covering early development of
management practice, management within the industrial, as well as post industrial era. As for the
second part, it undertakes a detailed assessment of developments in practice of management in
context of current and potential changes in the future in form of a presentation.
PART 1
Essay
Management refers to an appropriate planning, organising, directing, as well as
controlling of the operations and functions of the organisation to achieve its objectives and
ensure sustainability. In addition to this, there are several practices and theories associated with
the same that have its origins from before the industrial revolution. All of it is required to be
assessed and analysed, so that a better understanding could be developed regarding its
application and usage before. In addition to this, there have been several theorists who have
studied and presented their work in relation to its application within the companies in that era.
Some of these theories are applicable and implemented within various organisations even today
as part of their management practices (Pyszczynski, Solomon and Greenberg, 2015).
However, it is first required to understand the management practices before the industrial
revolution. Prior to the same, there was no such concept into existence. This is because the
owners of enterprises at that time could be anyone who would have been handling functions like
planning, coordination, control, as well as resource allocation. In addition to this, apart from
certain sort of organisations, such as the military, church, and a combination of large
construction, agricultural and trading endeavours, which were mostly built on slave labour, there
did not existed much that could have been recognised as managerial practice.
1