Comparing Traditional and Contemporary Approaches to Management
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This paper discusses the traditional and contemporary approaches to management, their differences and similarities, impact of feedback, and areas of improvement. It also emphasizes the importance of business tools like PESTLE and SWOT analysis in developing strategic plans for organizational growth.
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PRINCIPLES OF MANAGEMENT
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Comparing traditional and contemporary approaches to management........................................3 Impact of feedback.......................................................................................................................4 Areas of improvement..................................................................................................................5 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................5
INTRODUCTION The concept of management is a process of achieving things with aim of achieving the organisational goal effectively and efficiently (Easterby-Smith, and et.al., 2021). The two approaches of management are the traditional and the contemporary approach which are used by the management of the organisation to enhance the work efficiency and the overall performance of the organisation and leading the organisation toward growth and prosperity. This paper shows the differences and similarity between the traditional and contemporary approach and also its shows the impact of feedback and the areas where I need to improve my knowledge and understanding. MAIN BODY Comparing traditional and contemporary approaches to management The concept of management has evolved with timethrough various stages to modern approaches towards management. Management is no longer a separate function of business, it is a pillar which ensures the growth and success of organisation (Bredmar, K., 2017). The contemporary approaches to management comprise of the collection of various management theories that dominate the management of organisation in current times. Whereas the traditional management approaches comprised of the classical school and the behavioural school of management. The contemporary approaches emphasis on transforming inputs into outputs with constantinteractionwiththeexternalenvironmentwhereasthetraditionalapproachof management emphasis on the efficiency, process and principles to increase job satisfaction thus increasing the productivity of organisation (Alsharari, 2019). The modern approach includes the contingent theory. It refers to the different situation that requires a managers to use different management techniques for different situation. This theory suggest that there is no blue print of management that is applicable in every scenario in a company. On the other hand, The traditional theory includes the scientific management theory which aimed at improving efficiency of workers in the 19thcentury through systematic study of worker under observation. And also it includes the human relation theory which emphasis on the positive and negative attitudes of workers which affects the productivity of the organisation. The similarity between the traditional and contemporary approach of management is that both focuses on the management of the company in their own way to increases the efficiency of
the workers and increasing productivity of the organisation (Strielkowski, 2017). Traditional approach uses the human relation theory to increase the productivity and efficiency of the organisation whereas the contemporary approach uses the contingency theory to increase the productivity by analysing the various situations and using different management techniques in varying situations. So on comparing the traditional approach and modern approach and from studying the various models I have learned that organisation using traditional approach are usually more stable in their business activities while organisation using modern approaches are more dynamic in nature with multiple business strategy and it deals with constant changes. Also, in traditional approach, the structure of organisation us already fixed and it has inflexible management but in modern approach the organisation always try to improve its workflow by promoting the skills and knowledge of its employees so that they can connect with the market and the changes and providing the company with competitive advantage.Traditional approach most follows the formal structure and hierarchy of management which focuses on individual responsibility and obeying the superiors. Whereas in organisation using modern approaches it focuses on teamwork and collaboration which helps the company in increasing work efficiency and making marketing strategies. It is clear that traditional approach has its own limitations and may not be able to meet the modern needs of the global economic development due to the various legal, political, social, economical, technical factors that affects the organisational efficiency and productivity. The contemporary approach involves the culture and organisational environment with situational contingencies, which helps in building the management skills not only the planning, controlling and organising but it develops the multi culture competence and increasing the work efficiency (Ilic, 2019). Impact of feedback From the feedback that I have received from my tutor, I have learned that I am having good understanding about the management concepts and its importance towards the organisation, and how these concept are important for performing the various functions of organisation. However, I need to improve my writing skills that is using more technical and key words that highlights my understanding of the concept efficiently. And using key words from the standard
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definitions. And also I need to focus on how management adds value to the organisation and how it impacts the performance of the organisation. But the most important I need to focus is on understanding the business tool which are used to identify the internal and external environment which affects the organisation growth. Tools used such as the Pestle analysis and the SWOT analysis. Understanding how these tool are used by organisation in developing strategic plan to improve its business operation and to meet its organisational goal. I need to develop my learning skills in regard to understand these concepts of business tools. So that it helps me understanding the various factors which affect the organisational performance and efficiency. Areas of improvement So from the feedback I have received and according to my understandingI need to improve my writing skill my using more technical words so that it highlights the key elements in my answers. And a majorly I need to improve my knowledge about the business tools which are needed to analyse the internal and external environments of the business so that business strategy can be made accordingly. So by reading the module's provided and also by learning from other books I can learn about the business tools and improve my understanding about the analysis of these business tools. And this will result increasing my overall performance and points. Also, I need to learn about how management add value to the organisation and hence heled in increasing the performance of the organisation. CONCLUSION From the above it can be concluded that there are various differences between traditional and contemporary approach but there are similarity also. It can also be summarised, that I have a good understanding about the management concept but I need to improve my knowledge regarding the business tool for improving my performance. REFERENCES Books and journals
Alsharari, N.M. and Lasyoud, A.A., 2019. Is traditional management accounting still in use? Contemporary issues.Jurnal Dinamika Akuntansi dan Bisnis.6(2). pp.229-240. Bredmar,K.,2017.Digitalisationofenterprisesbringsnewopportunitiestotraditional management control.Business Systems Research: International journal of the Society for Advancing Innovation and Research in Economy.8(2). pp.115-125. Easterby-Smith, and et.al., 2021.Management and business research. Sage. Ilic,B.,Djukic,G.andBalaban,M.,2019.Modernmanagementandinnovative organizations.Economic and Social Development: Book of Proceedings.pp.35-43. Strielkowski,W.,Tcukanova,O.andZarubina,Z.,2017.Globalizationandeconomic integration: the role of modern management.Polish Journal of Management Studies,15. Online references A, B., 2018. [Online]. Available through <>