Evolution and Growth of Management Practices

MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Management practices involve the effectiveness as well as innovative methods adopted
by manager in order to improve the working conditions and empower the skills of staff. Business
entity generally implement the suitable idea as well as concept in order to support the internal
organisational processes. Thus, adequate functioning of the viable management practice assist
the firm to incorporate the effective decision and carry out suitable routine functioning in order
to remain competitive (Bowdin and et. al., 2012). This essay cover topic like evolution of
management practices before the industrial revolution. Along with that focus is given to the
growth as well as development of management practices at the time of post industrial era are
covered in report.
MAIN BODY
Evolution of management practices before industrial revolution
Management practices before the industrial revolution involve the contribution of
resources and manpower in order to produce and deliver the desirable goods and services in the
market. During this phase more preference was given to the quantity rather than quality due to
which with the help of monotonous activities focus was given to produce the standardised
products. Manager used to assume that stability within the internal functioning is better rather
than adopting the usual changes (Drucker, 2012). Reason being existence of few competitors and
lack of awarenesses amongst the internal as well as external stakeholder. Business entities used
to focus more on the labour intensive technique rather than capital intensive techniques. Further,
emphasises was given to exploit the existing advantage that derive the short term thinking ability
which does not involve much attention in terms of delivering attention to the shareholder's
requirement. Prior to the revolution of industries the owner of company have the centralised
decision making power and engage in the practices like planning, coordinating, procurement of
resources, coordinating as well as controlling. Based on which large trading and construction
companies exploit the labour in terms to perform either skilled or unskilled work at minimum
wage rate (Management’s Three Eras: A Brief History, 2014). But with the existence of
economist like Adam Smith gave insight about the division of worker on the basis of their skill,
knowledge and productivity which can further increases the productivity of firm.