logo

Report on Management Theories - doc

   

Added on  2020-05-28

13 Pages4518 Words70 Views
Running head: MANAGEMENT THEORIES0MANGEMENT THEORIES

MANAGEMENT THEORIES1Table of ContentsManagement summary:..............................................................................................................................1Introduction:...............................................................................................................................................1Management theories:................................................................................................................................2Scientific management theories:.............................................................................................................3Bureaucratic theory of management:......................................................................................................3Fayol theory of management:.................................................................................................................4Contribution of these theories in modern world:........................................................................................4Taylor’s scientific management in modern times:...................................................................................4Weber’s bureaucratic management theory in modern times:................................................................5Fayol theory of management in modern times:......................................................................................7Conclusion:..................................................................................................................................................8References:..................................................................................................................................................9

MANAGEMENT THEORIES2Management summary:Management is the term that is very well known in day to day life. As far as the organisations areconsidered, it has been analysed that management is the very essential and mandate aspect. It canbe defined as the concept that deals with aligning the objectives and the activities that needs tobe performed in order to achieve those objectives (Aswathappa and Reddy, 2009). There aremany theories that have been postulated regarding management by many theorists. Their workhas been appreciated by the management people as these theories are still being used by theorganisations for smooth structuring and functioning of their company. It is required tounderstand the meaning of those theories and their relevancy to the modern world (Elkin,Jackson and Inkson, 2007). The major theories that need to be studies are Weber’s theory, Fayoltheory and Taylor’s theory. Introduction:This is the report that focuses on the very important part of management that is managementtheories. The report initiates with the discussion of management theories and their requirement inthe organisations of today and tomorrow (Wood, Zeffane, Fromholtz, Wiesner, Morrison,Factor, McKeown, Schermerhorn, Hunt and Osborn, 2016). The discussion continues with thearguments supported by some of the major theories such as scientific management theories ofTaylor, Weber’s bureaucratic theory and Fayol management theory. Taylor is the theorist whosuggested that scientific management and systematic structure is very important for theorganisations. Weber on the other hand suggested that formalisation is the basis of theorganisational success. Fayol at the same time has given 14 principles of management that needsto be followed by the organisations. Evolution of these theories has supported them to have theirexistence till now and the organisations are using the same in their management till today. Thelater part of the report discusses about the same and examines the relevancy of these threetheories in the modern times of the organisations. These theories have been postulated in the

MANAGEMENT THEORIES3early twentieth century and their presence in the structure and environment of modernorganisations suggest that these theories act as the foundation of management. Management theories:Theories can be defined as the viewpoints with which the individuals make the sense of all theexperiences they have in the world. It can be explained as the group of several concepts that canbe developed with continuous observation on a subject. As far as the management framework isconsidered, there are many theories given by many theorists as per their understanding andobservation regarding management (Pugh and Pugh, 1971). These theories have evolved withtime according to the change in the management system and the culture of the organisations. Ithas been identified that the theory of management has been evolved at the time of Second WorldWar. This is because, it is the time when the concept of industrial revolution developed and thisresulted in raising the aspects of human resource and importance of man-force resources andthem management. In terms of management, there are many principles that act as thefundamental truths for management that discusses about the relationship of the two of morevariables involved. In the field of management, theories play a very important role because theyhelp in taking the management decisions in certain situations. Management theories are need tobe studied because they gives a proper framework to the management, they help in makingmanagement techniques and decision and at the last help in maintaining the standardization inthe management processes (Cole, 2004).Contemporary theories of management have been postulated in order to interpret and analyse thedynamic nature of the organisational environment these days. Management theory with regardsto the management practices has evolved in the modern times. The first type of theory that hasbeen emerged in the twentieth century was the classical management theory. This theorybasically involves the concept of scientific management in which the alignment of tasks and thepeople is focussed. This theory deals with matching the skills of the people with the tasks inorder to get the efficient results. This is the theory that focuses on developing the principles thatleads to creation of practices that are most efficient for the organisations. Later on, the theory ofbehaviour has been postulated. This set of theories concentred on involving behavioural aspects

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment on Management and Organization in Global Environment
|14
|3026
|146

BMG209: Introduction to Management and Leadership
|11
|3118
|44

Management Theorists Assignment pdf
|6
|1386
|414

Foundation Management Assignment
|7
|2119
|39

Organisational Theory
|9
|2440
|56

The World Economic Conference at Geneva
|8
|2896
|48