The Evolution of Management Theory - 3465 Words

INTRODUCTION - THE EVOLUTION OF MANAGEMENT THEORY During the industrial revolution that took place in Western Europe and North America in the 18th century; various machines were built and the economy which was based on manual labor was replaced by machines. Then factories of large scale in the garment sector, automobile sector etc emerged rapidly and the need to increase organizational efficiency and effectiveness has guided the evolution of management theory till today. Managers, theorists, researcher searched for way of how to utilize their resources to the maximum and thereby attain efficiency and effectiveness. PRE-CLASSICAL MANAGEMENT THOUGHT In the pre-classical era, that is during the emerge of various mass production factories†¦show more content†¦_Example:_ Ford Motor Companys first moving assembly line was located in Highland Park, Michigan in 1913. Above, the exterior of the Ford building was used for lowering the auto body on the chassis. Ford Motor Company was one of the first manufacturing plants to use assembly lines to mass produce look alike automobiles. The process allowed Henry Ford to keep prices down and better control the quality of the automobile. ï ¿ ½ ADMINISTRATIVE APPROACH OF MANAGEMENT Administrative management focuses on management and operation of the total organization. The administrative theorists looked for the best way to combine jobs and people into an efficient organization. One administrative theorist whose ideas stand out is Henri Fayol. Fayol divided management into five activities: _planning, organizing, commanding, coordinating, and controlling_. At the heart of his theory was the use of foresight (planning). He advocated both long-range planning and participation by man agers. Within the group of five major activities, Fayol developed a list of basic management principles for achieving a good organization. These principles are summarized as below. _DIVISION OF WORK._ The intent of division of work is to produce more and better work for the same effort. Specialization is the most efficient way to use human effort. _AUTHORITY AND RESPONSIBILITY._ Authority is the right to give orders and obtain obedience, and responsibility is a corollaryShow MoreRelatedEvolution Of Management Theory And Management Theories2135 Words   |  9 PagesEvolution of Management Theory Jamal Roberts Pasco Hernando State College Evolution of Management Theory In reality, every person in a management position handles the way that they do their job differently. Management is one of the most important parts of an organization, if not the most important. However, the development of management in organizations has changed dramatically from the late eighteenth century to now. In the eighteenth century, managers relied on power and setting strictRead MoreThe Evolution Of Management Theory1153 Words   |  5 PagesDetailed Summary Management theory constantly evolves when there are new ideas or when there is and intention of attempts of transforming the theory. Hence this theory can also be called as the â€Å"condensed theory† To know the history of the management theory is the fundamental task (Sarshar, 2002). The evolution of management began after the industrial revolution had occurred in Europe and America, which was in the end of the 19th century. During the evolution of the management theory, there were manyRead MoreThe Evolution Of Management Theory1026 Words   |  5 PagesIntroduction The evolution of management has been changed many times since the early 1900’s. Many different management theories have been developed, the external factor also changing at the same time, such as the technology and the nature of career. 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Thenmozhi Professor Department of Management Studies Indian Institute of Technology Madras Chennai 600 036 E-mail: mtm@iitm.ac.in Management Science I Prof. M.Thenmozhi Indian Institute of Technology Madras †¢ Early management theory consisted of numerous attempts at getting to know these newcomers to industrial life at the end of the nineteenth century and beginning of the twentieth centuryRead MoreThe Evolution of Management Practices and Theories Essay2306 Words   |  10 PagesIntroduction With the rapid change of the world, thought of management, theory and practise keeps on changing. It has been transformed through innovation. Taking into consideration the uncertainty surrounding the construction industry, it is essential paying attention to how people work within an organisation that has set goals that needs to be achieved. To be able to achieve these objectives, it is necessary to understand management relating issues such as culture, motivation, leadership and issuesRead MoreEvolution Of Management : Theory X And Y, And Theory Z1811 Words   |  8 Pages Evolution of Management Blake Schwengler Tarleton State University â€Æ' Abstract We will examine the evolution of management beginning with the timeframe of the industrial revolution thru today’s management. Management theories included in this time contains the Human Relations/ Behavioral School of Management, Classical School of Management, Contingency Approach, the Scientific Approach, Theory X and Y, and Theory Z. The present style and classical style of management will be compared and contrastedRead MoreEvolution And Development Of Contemporary Management Theory2687 Words   |  11 PagesManagement revolutionized by the â€Å"man who invented management†, a writer, consultant, and professor. Known as the â€Å"godfather of management theory and practise† Peter F (Bloomberg L.P 2014), Drucker influenced many people with his management theory and business concepts. Professor Peter Drucker (1909 – 2005) was a leading academic researcher, author, and expert who had a prominent and significant influence on the evolution and developme nt of contemporary management theory throughout the second half