Comprehensive Report: Evolution of Management Theory and Practice

This report provides an overview of the evolution of management theory and practice. It explores key concepts such as Total Quality Management (TQM), highlighting its customer-oriented approach and integrated system, while also acknowledging its challenges. The report then discusses Just-in-Time (JIT) and Lean processes, emphasizing their role in reducing waste and production costs. Technological innovation is presented as a significant driver of change, with examples of companies leveraging it for competitive advantage. Environmental and sustainability issues are addressed, emphasizing the impact of organizational factors. Finally, the report touches upon the end of capitalism and the rise of post-capitalism, where technology plays a central role in business operations and societal development. The report concludes by summarizing the importance of adopting TQM, lean processes, technological innovation, and addressing environmental concerns for business success.

EVOLUTION OF
MANAGEMENT THEORY &
PRACTICE

INTRODUCTION
• INTRODUCTION
• Total Quality Management
• Just in Time/Lean Processes
• Technological Innovation as a driver of change
• Environmental and Sustainability Issues
• End of Capitalism and Post Capitalism
• CONCLUSION

INTRODUCTION
The identification and implementation of appropriate management practices and approaches are
very essential for the regulating the work operations of business organisations. The report
highlights upon the role of management of different management practices and the importance
associated with the maintenance environmental standards and sustainability.

TOTAL QUALITY MANAGEMENT
It can be characterised as a tool utilised by business
organisation with the aim of enhancing and encouraging
the customer satisfaction through the conciliation of
quality goods and services to the same (Al-Dmour, Al-
Dmour and Rababeh, 2020). Total quality management
consists of various essential concepts and elements that
needs to be included in the management functioning of
the organisation in order alleviate the work operations of
the same in the long run. For example : Amazon. Some
of the major concepts of TQM are as follows :-

CONTINUE
• Total quality management is customer oriented as the customers
provides the final; verdict about the quality of services and
products delivered by the business organisations.
• TQM can be termed as integrated system as the process is
delivered through the cooperated efforts of all the employees
catering their services in the business enterprise
• It provides continuous development and improvement
opportunity to the organisations as it assist the business firm to
exhibit excellent creativity and competitiveness in the market.

CONTINUE
Despite being a prominent management
practice, TQM has several challenges as well :-
• Inability of the staff members to live up to
the commitments set by the organisation.
• Complications in the prevailing
organisational culture
• Ineffective training of employees
• Lack of communication

JUST IN TIME/LEAN PROCESSES
Just in time (JIT) and Lean Processes
• Just in time can be termed as a method capitalized by the business
organization such as Tesco wherein the raw material is ordered as
per the requirement so as to facilitate the reductions in the
production and manufacturing expenditure of the business firm
(Ritsri and Meeprom, 2020).
• Lean process can be termed as a process that if formulated in order
to reduce or eliminate the generation and management of waste from
the production process of a business venture.
• s

TECHNOLOGICAL INNOVATION AS A DRIVER
OF CHANGE
Technology plays a major role in facilitating advanced innovation practices within an organisation.
It can be termed as a formation of a new and advanced technology, gadget or process that can
enhance the operations of the business between the rival companies and provide a competitive
advantage to the same. Dyson can be termed as an organisation that has done justice to the role of
facilitating technological innovation within its organisational practices. Technological innovation
has helped the company to emerge as one of the leading brands in the respective industry and
acquire an enlarger retention of loyal and quality driven customer base (Shilina, 2020)

ENVIRONMENTAL AND SUSTAINABILITY
ISSUES
Environment consists of all the elements natural habitat that is essential in order sustain human life.
It provides individuals with all the resources that required to live and survive effectively. There
numerous organizational factors that have contributed in the rising of the environment issue such
as enhanced deforestation, the omission of harmful gases and pollutants by industries, excessive
waste generation by the industries as well as ineffective waste management procedures by the same
(Elhachemi, 2020). Coca Cola can be considered as an example of an organization is involved in
the generation of plastic material for the packaging purpose. Plastic can be termed as an element
that is responsible for causing major harm to the environment.

END OF CAPITALISM AND POST CAPITALISM
End of Capitalism has led to the emergence of an era where technology is considered as the one of the
prominent elements that can lead to enhanced business operations.
• The capitalisation information technology is assisting the individuals to tap new opportunities in
relation to their education, career, training and development.
• The organisation are also optimizing on the IT tools in order to facilitate their day to day work and
to conduct the recruitment as well as management of personnel in the organisation.
• Govern Authorities have also incorporated IT so as to facilitate the monitoring as well as the
assessment of the business operations as well as market performance. For example :- Income tax
regulation.

CONCLUSION
It can be summarised that adoption of TQM and lean process can help the business organisation to
alleviate their current standards of work management and operations. Technological innovation
play a major role in the success and log term stability of the business firms. Environmental
concerns also needs to be taken seriously and effective strategies are required to be implemented in
order to reduce the consequences of the same.

REFERENCES
• Al-Dmour, A., Al-Dmour, R. and Rababeh, N., 2020. The impact of knowledge management practice
on digital financial innovation: the role of bank managers. VINE Journal of Information and
Knowledge Management Systems.
• Ritsri, U. and Meeprom, S., 2020. Does knowledge management practice produce accounting
employee productivity in the tourism business in Thailand?. Anatolia, 31(1), pp.99-110.
• Shilina, T.B., 2020. The Role of Communication in Modern Management Practice. Российская наука
и образование сегодня: проблемы и перспективы, (1), pp.107-110.
• Elhachemi, T., 2020. The influence of knowledge management practice on knowledge acquisition:
conceptual paper proposition. Journal of Global Business and Social Entrepreneurship (GBSE), 6(17).