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Thories of management
- 1. There are two theories of management: Historical Management Theory Classical Management Theory
- 2. There are two types of Historical ManagementTheory Trial and error theory Conventional theory
- 3. TRIAL AND ERROR THEORY It is a fundamental method of problem solving. It is charecterised by repeated, varied attempts which are continued until success or until the agent stops trying. CONVENTIONALTHEORY
- 4. It is a branch of management theory which involved around the 19th century. It was developed during the industrial revolution when problems related to factory systems began, to recognize the role that management plays in an organization particularly focusing on the efficiency of the work process. Classical approach of management process the body of management thought based on the belief that employees have only economical and physical needs and that the social needs and needs for job satisfaction either does not exist or are unimportant.
- 5. There are three types of Classical ManagementTheory Scientific ManagementTheory Bureaucratic ManagementTheory Administrative ManagementTheory
- 6. This was propounded by FrederickWinslowTaylor.Taylor believed that by analyzing work in a scientific manner it was possible to find the one best way to perform a task. He felt that by organizing work in the most efficient way, the organization productivity would be increased allowing it to reward employers with additional remuneration, which Taylor argued was employs only motivation.
- 7. I was developed by a German sociologist and political economist MaxWeber (1864-1920). According to him, bureaucracy is the most efficient form of organization, the organization has a well-defined line of authority, it has clear rules and regulations whish are strictly followed.
- 8. The first expert of it was Henry Fayol (1841-1925) Fayol is called the ‘’Father Of Modern Management’’. According to this theory school, management is the process of getting things done through people. Here importance is given groups and not to individiuals.