MANAGEMENT THEORIES

Principles of Management Theories in the 21st Century

Principles of Management Theories in the 21st Century

Introduction

Management is always a set of hierarchical governance. The manager has to balance their management decisions and control actions within the capabilities and limitations with the help of various theories. Therefore, knowledge and understanding of such management theories in all its complexity and diversity is very useful. (Miller, 2008)

McGregor's Theory X and Theory Y

McGregor theory reflected view of a worker which has the following characteristics for the theory of X:

1. The average person is lazy by birth.

2. He lacks ambition.

Theory Y has the following characteristics that ...