In this Research report, we aim to explore the utility and historic development of management theories. The main focus of this research is to examine the development of management theories and how they contributed to the modern day management theories today. The research also analyzes the theories according to different eras and gives a holistic point of view about the reason which contributed to the initiation of these theories.
Table of Contents
Introduction4
Discussion5
Classical theories of management5
Scientific Management Theory5
The Bureaucratic Model6
Process Management Theory7
Neoclassical Theories of Management8
Human Relations Theory9
Behavioral Science Theory10
Modern Theories of Management10
Quantitative Theory11
System Theory12
Contingency Theory12
Conclusion13
Role of Manager and Organizational Theory
Introduction
Every organization, administrative body or social entity, have a goal and there is a certain group of people who lead others within that organization to achieve that goal, both effectively and efficiently. People who are responsible for taking initiatives and leading towards that goal are called managers, and the group of function they perform is called management. It can also be defined as the process of undertaking all the activities and tasks by managers for the sole reason of completing an activity or achieving the organizational or departmental goals. Generally, almost every acclaimed author has quoted five main components of management, which are as follows:
Planning
Directing
Controlling
Staffing
Organizing
Managers are also responsible for the performance of those who are under their supervision and it is their responsibility to make them strive harder for the departmental or organizational objective. Effective management is the responsibility of those who are in the upper layer of the hierarchy, as leadership and adjectives are floated from top to bottom usually. Although by formulation of management theories and principles, it formed the scientific part of management but still its implementation is an art and banks on in the circumstances. In order to understand the management procedure and implications, we first need to understand the root of management. The purpose of this research paper is to analyze the topic, 'Historic development of management theory and its implications in the modern world'. We will be discussing all the management theories and how they got into effect, along with their modern world implications.
Discussion
The main purpose of the theories of management is to hold up and help in interpreting the changing organizations needs and how can management adopt measures to cope with it. This research paper includes various management theories which are discussed in detail. These theories and categorized according to the era in which they were initiated. Classical theories of management include theories of scientific management, bureaucratic model and process management. After covering the classical theories, this paper further categorizes theories in neoclassical and modern management theories. Neoclassical theories include human relations and behavioral science theory, where as modern management theories include quantitative theory, system theory and contingency theory. (Stoner James, 2003)
Classical theories of management
Classical theories of management come from the old school of thought. These theories were very popular in 19th century and they paved the way for the preliminary concept of ...