The modern theory also contributes to improvement within the organization since

The modern theory also contributes to improvement

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apply the use of scientific processes which ensures better performance. The modern theory also contributes to improvement within the organization since it enables the company to adapt to global changes and determine how they influence the business. The modern theory was developed in the 1950s and is composed of ideas that vary in approaches towards management development (Landers, Bauer, Callan, & Armstrong, 2015). This approach is based on empirical research data that incorporates an integrating nature of elements. Such an approach allows for a reflection of both formal and informal structures of the organization because of its weight in providing status and roles of personnel to the organization (p. 163). The essential elements of the modern theory consist of: o Viewing the organization as a whole
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ORGANIZATIONAL PSYCHOLOGY 4 o Based on system analysis o Findings based on empirical research o It is integrating into nature o Emphasizes the importance of an inter-disciplinary approach towards the organizational analysis o Concentrates on both behavioral and quantitative sciences o Isn’t a unified body of knowledge Henry Fayol attributed to the administrative theory and made great contributions to the managerial aspect of the organization structure (Landers, Bauer, Callan, & Armstrong, 2015). Speculations additionally focus on how the plan of the executive’s objectives can fuse humanistic qualities with the goal that the specialist's development and prosperity can occur to guarantee the profitability of the association. These components are considered to accomplish the association's ideal supportability concerning work schedules that the association ought to participate in with the goal that open doors can be applied to the basic leadership process. This theory allows for directions and principles to be activated so that management can become efficient and be applied effectively. Some elements of this theory consist of: o Recognizing and appreciating authority and responsibilities o Divisional work o Discipline and the unity of command and direction o Centralization and remuneration o Order and the stability of tenure o Teamwork and initiative driven
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ORGANIZATIONAL PSYCHOLOGY 5 Administrative theory is an important function in an organization since it plays an essential role in ensuring the smooth running of the organizational activities. Additionally, it ensures there is an effective managerial process that also involves human resources. According to personal experience from the former employer, a modern theory is beneficial since it enables the organization to be current in terms of technology, therefore, giving it a good competitive advantage (Landers, Bauer, Callan, & Armstrong, 2015). Additionally, modern theory assists in enhancing customer satisfaction since the organization will have to be updated on the current customer needs and preferences.
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