STRATEGIC MANAGEMENT

Strategic Management

Strategic Management

Management theory provides a simple conceptual framework for organizing knowledge and for providing a blueprint for action to help guide organizations toward their objectives. Contributions from past industrialists have molded the organizational system and culture, and managers can benefit from an awareness of these contributions. As such, scientific management can be seen as the starting point from where the managerial aspect of organizations are systematically being analyzed and improved for practical application in the day to day running of organizations (Werner 2002).

As with any modern theory, scientific management theory is also subject to criticism and has ...