Assignment on Management of Organization

Added on - 21 Apr 2020

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Running head:There is only one best way to manage‘There is only one best way to manage’
There is only one best way to manage1‘There is only one best way to manage’In modern times, the management has a plethora of tools and techniques available at its disposalfor the effective administration of the organization. The management of an organization has theresponsibility of the optimum distribution of resources and then instituting mechanisms tosupervise its performance in the organization, within its defined standards. The human resourcewithin the organization has different cultures and background, so as a result of theimplementation, there are chances of conflict of interest as well as alignment of the workforcewith the same ideologies, which results in initializing a system of group dynamics (Timiyo,2014). The method of administering an organization consists of various elements like designing,organizing, supervising, staffing and time -management to meet the objectives of theorganization. The goal of the management should be profit maximization along with jobsatisfaction of the employees. There are different theories which explain the methods to managethe organization. The mangers should prefer the principle which suites for their organization inthe best way.The theory of Scientific Management asserts that there is only one best way to deal with all theissues that apply to the business. As per Frederick Winslow Taylor, the father of the Theory ofScientific Management the utmost welfare of all the employees and the prosperity of the businessare the important aspects of Scientific Management .Taylor conveyed that the workforce shouldbe technically hired and provided training in order to enable them to do their work skillfully,resulting in job satisfaction. So, it can be envisaged that in order to increase the efficiency of theorganization, the concern of both the parties should go hand in hand, which in turn will lead toprofit maximization (Turan, 2015).Contingency Theory is one of the theories of management which attempts to ascertain andevaluate the situations under which things will probably happen (Peretomode ,2012). It explainsthe analysis of organizational behavior pertaining to the effect of contingent factors such astechnology; competitors and factors external to the organization have an impact on itsperformance. The presumptive fundamental to this theory is that every organization is affectedby distinct factors. Alternatively its performance depends on a variety of factors such as size,technology adopted, its structure and culture adopted (Islam & Hu 2012).The efficacy of thestructure of an organization depends on its capability to adjust to fluctuations in the external and
There is only one best way to manage2internal atmosphere .So, the managerial personnel uses the contingency theory to analyze thecontingent factors and to upgrade the efficiency of the organization (Amara & Benelifa ,2017).Another theory of management is Fordism. It forms the foundation of contemporary economicand social systems in public consumption and production. Named after Henry Ford, it is oftenused in societal, financial and administrative principles of procurement, working environmentand associated events. This theory has three aspects. The first one is assembly line .The laborerhas to manufacture only a part of the whole product. The second one is standardization. Each andevery process to manufacture the product is mechanical and standardized. The third is byincreasing the worker’s pay; they would be able to buy the products which they manufactured.As a result, the cash would flow back into the owner’s pocket. It helped in cost effectiveness, bylowering the operational cost through the employment of unskilled workers. It has an impact onthe execution of the modern organizational policies to approach the requirements of the fiercemarket competition such as total quality management, just in time etc (Turi, et. al., 2015).Toyotaism is another theory of modern management. Evolved by Toyoda, it is unsegregatedsocio-technical mechanism, encompassing the production and transportation for the automobilemanufacturers, along with the communication with suppliers and consumers. It was developedby Taiichi Ohno and Eiji Toyoda ,the two Japanese engineers ,between 1948-1975.Known asJust-In-Time Production, it is formed by the principles created by the founder of Toyota, SakichiToyoda,his son Kiichiro Toyoda and the engineer Taiichi Ohno. The major objectives of thistheory are to abolish wastage and instability by planning a process which is able to deliver thepreferred result efficiently. It is based on two concepts .Just-In-Time and Jikoda. Just-In-Timerefers to manufacturing only what is desirable, when it is desirable and the desired quantity.Jikoda pertains to mechanization with a human touch. Its basic principles are continuousimprovement and respect for people. So, its focus is on elimination of wastage and managingpeople (Turi, et. al., 2015).Bureaucratic Management Theory by Max Weber is yet another theory of management whichexplains two main components- constitution of a firm into a hierarchy and precisely describingthe regulations to administer a firm. There are five doctrines of Bureaucratic ManagementTheory. The first one is appropriate division of labor. There must be equilibrium between rightsand responsibilities. The second one is organizational hierarchy. It should be organized
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