Management Practices Evolution: Report on Recent Developments

This report provides an overview of the evolution of management practices, focusing on recent developments and trends. It explores how companies are adapting to new challenges and opportunities, including the reduction of bureaucracy and the emergence of new capitalism. The report discusses the impact of these changes on decision-making processes and overall business operations. It also includes references to relevant academic sources, such as the works of Brito and Sauan, Maylor and Turner, Shimizu, Stanciu and Mitroi, and Stephen. The study concludes that adopting effective management practices can significantly enhance a company's performance and competitive advantage. The report emphasizes the importance of understanding and implementing these practices for achieving organizational goals effectively.

EVOLUTION OF
MANAGEMENT
THEORY & PRACTICE

TABLE OF CONTENTS
 Introduction
 Main body
 Conclusion
 References

INTRODUCTION
 The management theory and practices are very
much helpful for company to achieve their overall
goal and objective effectively.
 The above ppt includes the study of recent
development and trend among the management
practices which helps company to operate their
business smoothly.

DEVELOPMENT IN MANAGEMENT
PRACTICES
 Management practices generally refers to
innovations and working methods which manager
utilizing for improving effectiveness of the work
system.
 The common practices of management includes-
training to staff, introducing several schemes for
enhancing quality, empowering employees and
introduction of different form of new technologies.
 In twenty-first century companies are facing
various challenges while operating their
businesses.
 Some individual had argued that economy and
society had changes so drastically that last
century's management practices are not relevant to
it.

REDUCING BUREAUCRACY AND
SHORTEN-DECISION MAKING TIME
 The bureaucracy among the organizations in
past was so much which let the companies
to face difficulties in managing their work
and several problems.
 But in recent trend into the management
practices let the companies to reduce
bureaucracy within the business practices a
operations.
 So the appropriate and quick decision can
be taken by them. So the time taken in
decision-making could be reduced and fast
decision can be taken by management of
company

NEW CAPITALISM AND THE END OF
MANAGEMENT
 The new capitalism has several aspects,
including the accent upon change and the
Post bureaucracy.
 As the trading Of business before was
done on the basis of family and own
business terms but now as per the
development not the business
management practices the definition of
business had been changed the globalized
business practices are being adopted by
companies functioning and operating their
business successfully.

CONCLUSION
 From the above study it has been
concluded that the recent development
and trend in managerial practices are
helpful for companies to achieve their
objective effectively.
 The performance of company can easily
be enhanced by implementing such
practices into their business and thus
further they can gain huge competitive
advantage among their rivals.

REFERENCES
 Brito, L.A.L. and Sauan, P.K., 2016. Management practices as capabilities leading to
superior performance. BAR-Brazilian Administration Review. 13(3).
 Maylor, H. and Turner, N., 2017. Understand, reduce, respond: project complexity
management theory and practice. International Journal of Operations & Production
Management.
 Shimizu, T., 2017. Material-Discursive Practices in Technology Standards Development:
A Topic-Modeling Approach to Technology Evolution.
 Stanciu, N. and Mitroi, A., 2017. Adjusting classical portfolio theories with behavioral
practices (No. 0007). Institute of Financial Studies.
 Stephen, S., 2017. The Evolution of Emergent Practices in Mature Organisational Fields.
In Academy of Management Proceedings (Vol. 2017, No. 1, p. 12585). Briarcliff Manor,
NY 10510: Academy of Management.