Comparing Traditional and Contemporary Approaches of Management

FUNDAMENTALS
OF MANAGEMENT

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Knowledge gained in workshop by comparing traditional and contemporary approaches of
management.................................................................................................................................3
Feedback to identify the improvement in work...........................................................................4
Highlighting areas which needs improvement and ideas to improve them for personal
development.................................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Management can be defined as the activities related to planning, controlling, organizing and
directing. These activities assist business in achieving their goals and objectives. It is basically
the way about how person manages their skills and abilities. Present report will lay emphasis on
traditional and contemporary approaches of management. It will also define the areas in which
improvement is required.
MAIN BODY
Knowledge gained in workshop by comparing traditional and contemporary approaches of
management
I have gained intense amount of knowledge when going through literature that is being
linked with traditional and contemporary approaches of management. I have analysed that in
traditional approach of management, the special emphasis is being laid on communication so that
the objectives of business can achieved efficiently (Cram and Marabelli, 2018). In this I have
learned that managers need to lay focus on providing honest feedback to employees who are
working firm so that problems can be solved efficiently. I also learnt that methods that is being
used in traditional approaches of management lays emphasis on motivating employees.
Managers are also engaged in providing training and learning to employees so that they can
grow. When I started the module I did not have idea related to what basically traditional
approach meant. Also I did not know about how it can motivation be one of the most appreciated
method to make employees stay in firm. I have learned that traditional approach to management
also lays emphasis on making people work on the quality of their services so that aim and
objective of organization can be achieved.
This workshop has also assisted me in learning about the contemporary approach to
management. In this I have gained knowledge about the various models that can be used by
companies in order to know about their internal capabilities and also about the factors that can
affect working of the company. I have learnt about the McKinsey’s model related to
contemporary approach of management. It has also helped me in analysing the various skills and
abilities that is been required by employees so that objectives can be achieved. I have also been
able to understand the importance of consumer satisfaction by having knowledge related to
contemporary approach to management. All these relevant literatures on this has assisted me in
enhancing my knowledge related to all hard and soft skills that can be used by employees.