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Report on Significance and Evolution of Management

   

Added on  2020-05-16

10 Pages1744 Words68 Views
Running head: MANAGEMENT EVOLUTIONMANAGEMENT EVOLUTIONName of the Student:Name of the University:Authors Note:

1MANAGEMENT EVOLUTIONExecutive Summary:The report throws light on the significance and evolution of management in the recenttimes. The report elaborates on two different management theories and its application. Thetheories benefits and limitations have been discussed. Organization using the two theoriesnamely, scientific theory and Administrative theory are Ford and KFC respectively. Furthermoreafter analyzing the two theories proper recommendation has been provided. It has been provedthat effective management approach is the vital element for the growth of the business in thelong-run.

2MANAGEMENT EVOLUTIONTable of ContentsTheory 1: Taylor’s Scientific Management Theory........................................................................3Benefits:...........................................................................................................................................3Limitations:..................................................................................................................................4Organization that adopted the theory:..........................................................................................4Evaluation:...................................................................................................................................5Theory 2: Fayol’s Administrative Management Theory.................................................................5Benefits:.......................................................................................................................................5Limitations:..................................................................................................................................6Organization that adopted the theory:..........................................................................................6Evaluation:...................................................................................................................................6References:......................................................................................................................................8

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