Wednesday, May 6, 2020

Essay on Management Theories - 1263 Words

After the end of the Industrial Revolution, large corporations were beginning to grow in size and power in order to satisfy what seemed the endless demands for new goods and services. As corporations and labor forces grew, there was a need to develop a more systematic study of organization and management, known as management theory, the significant being Frederick Taylors Principles of Scientific Management which involved the development of training workers through special incentives and compensation (Boone p.33). In general, early management scientists tended to believe that there was a single way to organize companies and manage employees. By the beginning of the 20th century, there were initial attempts for launching a systematic and†¦show more content†¦Herzberg concluded that extrinsic rewards, or hygiene factors, could never create real work motivation. The growth or motivational factors in a firm include achievement, recognition, responsibility, and advancement whi le the dissatisfaction -avoidance or hygiene factors consists of extrinsic factors such as administration, supervision, interpersonal relationships, working conditions and salary (Boone p.176). Thus, in attempting to enrich an employees job, it was necessary for management to reward and recognize personal contribution rather than just giving the employee the opportunity to growth. This school of thought is known as vertical loading was at the time thought of to be more rewarding to employees and increase productivity rather than horizontal loading, which did not concentrate on employees motivational factors. Unlike Herzberg, who focused on employee recognition and rewards, Peter F. Drucker, a more recent influential figure in management theory, argued that in modern times, employees in a firm should be given the opportunity to grow and contribute to management and the decision-making process. In his article, Managements New Paradigms, Drucker asserts that there are many assumptions about management that are out of date, including the ‘right way to manage people. Every worker placeShow MoreRelatedTerror Management Theory1289 Words   |  6 Pagesboth humans and animals, the understanding of one’s own mortality is uniquely human. How do we, as humans, deal with the terror that is associated with this knowledge? According to Terror Management Theory (TMT), developed by Jeff Greenberg, Sheldon Solomon, and Tom Pyszczynski (1989), the need for â€Å"terror management† is a fundamental function possessed by humans and cultural systems. Based on the writings of anthropologi st Ernest Becker and inspired by Freud’s work on how death provokes belief in mysticalRead MoreManagement Theory And Management Theories1254 Words   |  6 Pagespurpose of developing the management theories is to bring out better ways to manage people. According to Aguinaldo Powell (2002), management theory evolves con-stantly with the continuous stream of new ideas that come from the attempts to transform theory into practice, and vice versa. As essential personnel identify promising methods that assist in managing responsibilities, it will lead to management theories progressing. This paper will il-lustrate how management theories have emerged over theRead MoreManagement Theory And Management Theories1272 Words   |  6 Pagespurpose of developing the management theories is to bring out better ways to manage people. According to Aguinaldo Powell (2002), management theory evolves con-stantly with the continuous stream of new ideas that come from the attempts t o transform theory into practice, and vice versa. As essential personnel identify promising methods that assist in managing responsibilities, it will lead to management theories progressing. This paper will il-lustrate how management theories have emerged over theRead MoreManagement Theories And Management Theory1003 Words   |  5 PagesManagement Theories Management theory can be used in many organizations when starting out a business. It addresses how managers and leaders relate to their organization in the knowledge of their goals. It implements on how to set the goals and motivate their employees to perform in a high standard. Management theory consist of three important aspects operation strategy, innovation management and process management. 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In the eighteenth century, managers relied on power and setting strict

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