Management Theories Timeline and Relevance in Emerging Economies

This presentation provides a comprehensive overview of the evolution of management theories, tracing their development from the early stages of the industrial revolution to contemporary practices. It explores key milestones, including the introduction of time-work theory, Taylorism, the Hawtho...Read More

Topic
Timeline of Development of Management
Theories
Aim
The Aim of the Presentation is to Analyse The
Management Theory Timeline and Discussion
on Their Relevance in the Emerging Economy

Managerial Theory Overview
 Managerial theories were practiced since time immemorial,
with several civilizations applying it in some form.
 However, It was only during the Industrial revolution that
managerial theories were developed at a large scale.
 Managerial Theories in the last few decades has progressed
immensely with upgradation and improvements
 Experts debate regarding the relevance of most of these
traditional managerial theories in the current emerging
economy

Management Theory Timeline
1880-
Time work
Theory
was first
introduce
d
1929 –
Taylorism
Theory of
Managem
ent
Widely
Practiced
1932 -The
Hawthorn
e Studies
regarding
Employee
motivatio
n
introduce
d
1932 -The
Hawthorn
e Studies
regarding
Employee
motivatio
n
introduce
d

Management Theory Timeline
1954- Hierarchy
of Needs
1960 – Theory X
& Y by Douglas
Discussed on
Several
Managerial
Practice
2000- Theory of
business
Process
Management
introduced
2009 – Theory
of Employee
Motivation in
the Modern Era

Relevance of Managerial Theories
in the Emerging Economy
Several Managerial theories developed during the
industrial era are considered to be irrelevant in the
current emerging economy
Taylorism & Weber’s theory are two such highly
debatable managerial theories which are still
relevant , but in a more flexible Manner
Empowerment at workplace is widely relevant in the
emerging economy with wide application globally

Principles of Taylorism
Made use of scientific approach in performing a
task efficiently- widely popular as time-work
principle
Focused on compensation based solely on work
output
Strict division of labour- Managers plan ,
workers work

Weber’s Bureaucracy Theory of
Management
According to Max Weber,
bureaucracy is the most
efficient form of organization
which is focused on-
 the centralization of power,
strict rules and regulations
a well framed hierarchy at
workplace

Empowerment Theory of Management
Emphasizes on empowering
employees at workplace for
better productivity and
profitability
Follows a more flexible
approach in management
compared to the weber and
taylorism

Conclusion
Most of the traditional management theories were
rigid and strict in their approach
Emerging economy focuses on using a more flexible
approach in management
Traditional management theories are still widely
relevant and practised at a global scale. However,
the approach has become more employee centric.

References
Amanchukwu, R.N., Stanley, G.J. and Ololube, N.P., 2015. A review of management theories,
principles and styles and their relevance to educational management.Management, 5(1), pp.6-
14.
Geisler, E. and Wickramasinghe, N., 2015. Principles of Knowledge Management: Theory,
Practice, and Cases: Theory, Practice, and Cases. Routledge.
Heding, T., Knudtzen, C.F. and Bjerre, M., 2015. Brand management: Research, theory and
practice. Routledge.
Stewart, D.W. and Shamdasani, P.N., 2014. Focus groups: Theory and practice (Vol. 20). Sage
publications.
Witzel, M. and Warner, M., 2015. Taylorism revisited: Culture, management theory and
paradigm-shift. Journal of General Management, 40(3), pp.55-70.

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