Explanation of management, Management Theories

Assignment Help:

Definitions of management:

1. Productive and efficiency oriented: F.W.Taylor - 'The art of knowing what you want to do and then seeing that it is done in the best and the cheapest way'. (75% analysis and 25% common sense)

2. People oriented:  "The manager works with a specific resource -Man. He develops people." It is workers' motivation that controls workers' output.

3. Decision making and leadership oriented: Stanly - 'In essence management is simply processes of decision making and control over the action of human beings for the express purpose of attaining pre-determined goals'.

4.Result or goal oriented: "Management is the accomplishment of result by the efforts of other people."

5.  Functional or processes oriented: Management is an organ and organs are explained only through their function and it is not importance but the function that differentiate various groups within the enterprise. Benefits of thinking management as processes are as follows: -

i.    Management is dynamic.
ii.    Management activities are continuous.
iii.    Change is the way of life in organisation.
iv.    It is comprehensive approach as it embraces the major task of managing.
v.    It harnesses the executive action of the mission of the firm.

6.    Environmental oriented: Koontz and Weihrich - "Management is the processes of designing and maintaining an environment in which individuals working in groups effectively accomplished selected aims

7.    Eclectic explanations: Eclectic approach consists of "taking the best from what is available" in management thought

 


Related Discussions:- Explanation of management

Defnitions of people-oriented, PEOPLE-ORIENTED DEFNITIONS Recently, a l...

PEOPLE-ORIENTED DEFNITIONS Recently, a lot of emphasis has been give to the 'human aspect' of management. It is because of the researchers which indicated that the productivity

Managerial grid, Managerial Grid Blake and Mouton offered a managerial ...

Managerial Grid Blake and Mouton offered a managerial grid extending the two-dimensional view of leadership style into a 9 ´ 9 matrixes. In that one axis is concern for people

Test for protein, is protein necessary for photosynthesis

is protein necessary for photosynthesis

Value chain, a. how your chosen company fits in the value chain of its chos...

a. how your chosen company fits in the value chain of its chosen industry b. how your chosen company delivers value to its clients c. how your chosen company achieves superior prof

Divisional performance evalution, what are the precautions in divisional pe...

what are the precautions in divisional performance evaluation

VK Ltd a multi product company, VK Ltd a multi product company, furnishes y...

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.4

T, funtional information system

funtional information system

Human resource management., Should Benching be a matter of concern in delta...

Should Benching be a matter of concern in delta india software td.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd