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Six Theories Theories of Mgt With Modern Practice.docx -...

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Six Theories of Management with ModernManagement PracticesNovember 22, 2016 byAbdullah SamTheories of management are very important for any business and organization.The expertshave presented different management theories for the successful running of organization.These ideas are called as six theories ofmanagement.Here is the list of Different types ofmanagement theories are discussed in details.Scientific Management theoryThis theory was presented by Frederick F Taylor.He gave the idea to run the organization inscientific way. The principles of this theory are:All work should be done in limited time. The work done should be measuredaccurately. This aims at how a piece of work could be done efficiently.Management should take the responsibility for planning the work. Workers should bemade to execute the task.Management should scientifically determine the best methods and should train theworkers accordingly.Management should be trained and should be taught to applyscientific principles of management and control e.g. in selection and training ofworkers.Wages should be according to output.This theory aimed at lowering the unit cost by increasing the efficiency ofmanagement It is rigid and focused on discipline, high concentration on job and strictincentive pay system.Administrative Management TheoryThis theory was presented by Henri Fayol. He focused his attention on manager rather thanworker. He emphasized the training of the managers for improving die organization. Hedefined administration in terms of five functions which are:1.Planning2.Organizing3.Commanding4.Coordinating5.ControllingFayol’s 14 Principles of Management1.Division of LaborThe more people specialize, the more efficiently they can perform their work. The principle isepitomized by the modern assembly line.

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Term
Spring
Professor
Prof. Chinonye Love
Tags
Management, Henri Fayol, scientific management, Behavioural Management Theory

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