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Theories of Management - Assignment

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Added on  2020-09-08

Theories of Management - Assignment

   Added on 2020-09-08

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Introduction toManagement
Theories of Management - Assignment_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................5
Theories of Management - Assignment_2
INTRODUCTIONManagement is essential for every type of organization as without this, nobody canmanage their activities in business. So, it is essential for enterprise to have proper managementfor achieving its set targets and goals in an effective manner. Every business defines and set theirgoals and objectives which are different from others. However, they use various approaches andtheories in their business process which are similar with other organizations. This report willsupport the statement “Despite aiming for vastly goals, the approaches to management used inprofit and not for profit organizations are largely similar”. In this report, various types ofmanagement theories are described to attain higher success in the market.MAIN BODYThere are various profit and non-profit organizations having their own goals andobjectives depending on their size and scope. It helps to provide future direction of thecorporation which leads to increase their success. It assists in business activities in order toachieve the positive results. Along with this, profit based organization like Tesco, which is amultinational grocery store, generate huge profit every year. On the other hand, non-profit basefirm like Oxfam is international charitable organization which contributes in social welfare inorder to develop the standard of society. According to Simon, the organization is a combination of various systems involved inorganizational process which include different sub systems that help in increasing theeffectiveness of business activities. For achieving targets, organization use various types ofmanagement approaches. There are some effective and best theories which are used by thecompany like classical, behavioural and modern approach. Classical approach is one of the besttheories that define an impressive process for management to maintain economic conditions anddevelop universal principles in an effective manner (Fillmore and Baker, 2010). In this theory,there are various approaches. One of the most common among all is scientific approach helps inmeasuring the quality of business. It is based on technology which shows step by step process inorder to evaluate all the activities in an effective manner. It is a continuous activity in order tocollect relevant and specific information to eliminate all the obstacles in business. Administrativeapproach defines the concept of departmentalization which assists in performing all activities inorder to achieve common goals. This approach focuses on the improvement in businessefficiency. It is a systematic process to manage information within organization related to1
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