Reference no: EM132729685

Each management theory provides valuable insight into managerial requirements. There is no single model or theory that will work for every organization. Many modern organizations apply a combination of theories to realize management success. This has led to the creation of newer organizational models with less structured hierarchies. Effective management is the backbone of any business. It is important to consider several factors when deciding which theories are most ideal for a small business. Often, small businesses are less rigidly hierarchical and must operate with minimal staff. It is important to select management theories and practices that are sustainable, especially if business resources are limited. How would you pick a management theory to apply as a manager?