Evolution of Management Thought - EvolutionofManagement...

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Click to edit Master subtitle style  5/12/10 Evolution of Management  Thought
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 5/12/10 Agenda… Classical Theory of Management § Scientific Management – F.W. Taylor, Henry L Gantt § Process/ Operational Management - Theory of Henry Fayol § Theory of Bureaucracy  - Max Weber Neo Classical Theory of Management § Studies) § Behavioral Science Approach – McGragor, Maslow
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 5/12/10 Ø Management  is  Predominantly  a  Twentieth  century Phenomenon Ø In  the  earlier  years  management  could  never  get attention of researchers Ø The  field  of  Business  in  which  Management  concepts study Background
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 5/12/10 Ø started thinking of solutions to problems –  where limited resources could be applied in a better way  Ø Problems/ Issues – Growing Competition, Complexity of handling large Business Organizations concepts was felt
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 5/12/10 Increasing Competition - § Businesses (spreading out in all sectors) § Growing Technological Obsolescence § Increase in Capital investment § § Increasing buyers’ sovereignty in markets   Recent Developments – Worldwide 
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 5/12/10 Complexity of Managing Business – § Increasing size of Business organizations § § businesses more socially-oriented § Organized labour union activities to put pressure on  the management § Pressure of various other conflicting interest groups
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 5/12/10 in  Managing  Business  have  demanded efficiency  in  the  Management  Process
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 5/12/10 management - 1. Classical  Approach  –  Scientific/  Administrative  /Process Management 1. Neo  Classical  Approach  –  Human  relations/  Social  Systems Approach/  Decision  Theory  Approach/  Management  Science Approach/ Human Behaviour Approach  1. Modern Approach – Systems Approach/ Contingency Approach Classification of Management 
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 5/12/10 Scientific Management  Process Management         F.W Taylor            Henri Fayol  Bureaucracy      Max Weber Classical Theory of Management
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 5/12/10 Ø Frederick  Winslow  Taylor  was  an  American mechanical engineer who sought to improve industrial efficiency Ø Taylor  was  one  of  the  first  management consultants. He was one of the first to have
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Evolution of Management Thought - EvolutionofManagement...

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