This article throws light upon the top eight characteristics of modern management thoughts. The characteristics are: 1. The Systems Approach 2. Dynamic 3. Multilevel and Multidimensional 4. Multi-Motivated 5. Multidisciplinary 6. Multivariate 7. Adaptive 8. Probabilistic. Modern Management Thought: Characteristic # 1. The Systems Approach: An organisation as a system has five basic parts: (1) Input, (2) Process, (3) Output, [...]
This article throws light upon the three main components of classical theory of organisation and management. The components are: 1. Scientific Management Theory 2. Bureaucratic Model 3. Administrative Theory. Component # 1. Scientific Management Theory: Scientific management is also called Taylorism. It emphasized detailed, precise planning of work to achieve efficiency, standardisation, specialisation, and simplification. It relied on formal top-down [...]
This article throws light upon the top eight functions of management. The functions are: 1. Planning 2. Organising 3. Staffing 4. Directing 5. Motivating 6. Controlling 7. Co-Ordination 8. Communication. Function # 1. Planning: When management is reviewed as a process, planning is the first function performed by a manager. The work of a manager begins with the setting of [...]