Management Theories

Management Theories

Management History

It could be argued that contemporary management as a discipline initiated as an economics offshoot in the 19th century. Classical economists like Adam Smith (1723 - 1790) and John Stuart Mill (1806 - 1873) provided a theoretical background to the outcomes evaluation, production, andresource-allocation. Time about the same, like the innovative elements developed by Eli Whitney (1765 - 1825), of James Watt (1736 - 1819), and Matthew Boulton (1728 - 1809) of technical production such as benchmarking, procedures forcost accounting, quality control, work-planning, andinterchange ability of parts. Numerous of these management characteristics existed in the slave-based pre-1861 by the economy of the United States. That the environment saw 4 million people, as were the contemporary uses "checked" in the profitable production of virtually mass (Adetule, 2011). Max Weber has also played a vital role in the area of management.Max Weber has described in his major work, "Economy and Society. Outline of Interpretive Sociology", 1921/1922, the modern, efficient structures of business and management, which are characterized by self-consciously set rules and permanently appointed "authorities" in "office" with full-time professionally trained personnel ("legal authority with a bureaucratic administrative staff"), in contrast to earlier forms of domination (of traditional or charismatic authority) (Bush, 2003).

Management Theories

There are three fundamental theories of management, which provide the essentials of managing administrative affairs in public and private organizations. Max Weber has also played a vital role in the area of management.Max Weber has described in his major work, "Economy and Society.Two management theories have been identified from the article:

Control Theory of Management

In order to implement the management process, it requires a mechanism for implementing controls. The control mechanism is an environment in which management activities are being implemented. Such an environment management system is a management and technology management (Lamond, 2005).

Two interpretations of the concept ...