Explanation of management, Management Theories

Assignment Help:

Definitions of management:

1. Productive and efficiency oriented: F.W.Taylor - 'The art of knowing what you want to do and then seeing that it is done in the best and the cheapest way'. (75% analysis and 25% common sense)

2. People oriented:  "The manager works with a specific resource -Man. He develops people." It is workers' motivation that controls workers' output.

3. Decision making and leadership oriented: Stanly - 'In essence management is simply processes of decision making and control over the action of human beings for the express purpose of attaining pre-determined goals'.

4.Result or goal oriented: "Management is the accomplishment of result by the efforts of other people."

5.  Functional or processes oriented: Management is an organ and organs are explained only through their function and it is not importance but the function that differentiate various groups within the enterprise. Benefits of thinking management as processes are as follows: -

i.    Management is dynamic.
ii.    Management activities are continuous.
iii.    Change is the way of life in organisation.
iv.    It is comprehensive approach as it embraces the major task of managing.
v.    It harnesses the executive action of the mission of the firm.

6.    Environmental oriented: Koontz and Weihrich - "Management is the processes of designing and maintaining an environment in which individuals working in groups effectively accomplished selected aims

7.    Eclectic explanations: Eclectic approach consists of "taking the best from what is available" in management thought

 


Related Discussions:- Explanation of management

learning theories, Discuss any two learning theories  in detail

Discuss any two learning theories  in detail.

Zoology, What are the Elements of Heredity and variations?

What are the Elements of Heredity and variations?

Explain ferrite and austenite, Explain clearly what do you mean by followin...

Explain clearly what do you mean by following: (a) α-Iron, β-Iron, γ-Iron, δ-Iron (b) Ferrite, Austenite,Cementite, Peanlite, Ledeburite.

Priciple and definition of management, how does the principal of managemen...

how does the principal of management helps in business organization?

In decision theory, In decision theory, the three states nature are a. ...

In decision theory, the three states nature are a. Local, regional, and national. b. Low, medium, and high c. Short-term, mid-term, and long-term. d. Certainty, uncert

Teow boon ling personality and leadership style, Describe Teow Boon Ling pe...

Describe Teow Boon Ling personality and leadership style how does it foster or hinder to transform cargo communitynetwork

Semi-mechanical systems , Semi-Mechanical Systems The next stage saw t...

Semi-Mechanical Systems The next stage saw the replacement of human labour by machines when mechanical charging systems were developed, essentially most subsequent systems, in

Analyzing a current om technique, Analyzing a current OM technique Find a ...

Analyzing a current OM technique Find a scholarly journal article reporting on one or more of the following techniques: business analytics, dashboards, decision support systems, p

CORPORATE CULTURE, Why are symbols important to a corporate culture? Do sto...

Why are symbols important to a corporate culture? Do stories, heroes, slogans, and ceremonies have symbolic value? Discuss. Give examples. Word count 1000 words

What are the merits and demerits of taylors theory, MERITS and DEMERITS OF ...

MERITS and DEMERITS OF TAYLORS THEORY MERITS OF TAYLORS THEORY Taylor's advocacy of scientific approach and management revolutionised management thoughts and practices whi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd