Evolution of Management Theory and Practices

This presentation discusses the evolution of management theory and practices, including current practices used by companies and potential changes in the future. It explores the importance of engaging workers and creating cultural cohesiveness in organizations. The presentation also highlights the potential changes in management practices, such as the role of managers and the need for strategic choices in the future operational environment.

Evolution of Management Theory
and Practices

Table of Content
• Introduction
• Management Practices
• Current management practice used by companies
• Potential changes in management practices with future operational environment
• Conclusion

Introduction
• Management Development is considered as a systematic process of training and growth
wherein the managerial employees acquire and utilize skill, knowledge, altitude, and
thoughts to successfully and profitably complete the team in their organization.

MANAGEMENT PRACTICES
• The Industrialization, and even the expansion of manufacturing and manufacturing techniques,
necessitated the development of efficient management practices. Improved and more effective
production methods were required to optimize production, reduce costs, and boost profitability. As
a result, academics have created a wide range of strategies for enhancing performance management
since about the late 1800s. Management is just not a new concept. Over history, early types of
organizational processes have been used to advance society.

CURRENT MANAGEMENT PRACTICE
USED BY COMPANIES
In this twentieth century, management practices have become very important than ever.
Changes in the society and economic front have radically nullified the management
practices used before as these are no longer relevant. There have been several forces that
have worked apparently in shaping management and other related activities:
• Engaging Workers:
• Creating Cultural Cohesiveness:

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• Engaging Workers: if a worker feels alienated then, it is quite possible that they will not
care about performing their jobs, instead they will only care about getting their salary.
Considering this in mind, the company has started engaging their workers in different
manners for example; motivating them so that they can be enthusiastic and productive in
nature as it will create a sense of responsibility towards work. Teaching them to deal with
difficult circumstances will help them in getting out of any tough task. However, there is
another way out for engaging workers and it is the reward.

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• Creating Cultural Cohesiveness: Many of us sometimes refer to culture as
socioeconomic status or ethnicity. But it is considered to be a shared value with a high
level of engagement, in order to get efficient outcomes. Its importance led many
companies to incorporate this management practice because sharing good values
amongst employees creates a positive environment. Diversity in the company always
increases the collectiveness insight but, if there is a diversity in values then it can lead to
the downfall of the company.

POTENTIAL CHANGES IN
MANAGEMENT PRACTICES
• Management practices with respect to the future will not require managers because they
seem to slow down things. No wonder, in the future if we will ask the questions to
management whether managers add any value to the company or not because many
organisational theorists have suggested that without managers company can work in a
better manner. Despite this, restructuring the system and cutting down the seats in the
hierarchical stage by making it more democratised will give better results. Whereas,
some of the theorists believe that managers are very important for managing teams, and
for certainly getting out the positive benefits from team members.

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• Moreover, the operational environment of an organisation may witness fast and flexible
improvisation for example; change in the trends like the requirement of the product. The
company will have to look after the dynamics and the core capabilities through which the
needs and demands of customers can be fulfilled. Thus, making strategic choices will the
prime concern. Therefore, it will be right to say that considering the future aspects of
management practices will require new thinking i.e., shifting from traditional to a new
level of understanding.

Conclusion
• Wren, D.A. and Bedeian, A.G., 2020. The evolution of management thought. John Wiley
& Sons.
• Prause, D. and Mujtaba, B.G., 2015. Conflict management practices for diverse
workplaces. Journal of Business Studies Quarterly, 6(3), p.13.
• Nakano, T. ed., 2017. Japanese Management in Evolution: New Directions, Breaks, and
Emerging Practices. Routledge.

• Thank You……