What are the Different Management Theories? ASAP PO
Answer (1)
Classical Management TheoryFocus: Efficiency and productivity.Example: It includes dividing work clearly, setting rules, and having strong supervision.Key Thinkers: Frederick Taylor (Scientific Management), Henri Fayol (Administrative Theory).Human Relations TheoryFocus: The importance of people and relationships in the workplace.Key Idea: When workers feel valued and involved, they work better.Key Thinker: Elton Mayo (Hawthorne Studies).Systems TheoryFocus: An organization is seen as a system made up of different parts working together.Key Idea: Every department (like HR, finance, marketing) is connected. A change in one affects the others.Contingency TheoryFocus: There is no one-size-fits-all method.Key Idea: The best way to manage depends on the situation or environment.Modern Management TheoriesExamples: Total Quality Management (TQM), Lean Management, and Six Sigma.Focus: Continuous improvement, customer satisfaction, and teamwork.
