Tag Archives | Management

Components of Classical Theory of Management

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 [...]

By |2016-07-30T09:44:05+05:30July 30, 2016|Classical Theory|Comments Off on Components of Classical Theory of Management
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Role of Taylor and Fayol in the Evolution of Management

Role of Taylor and Fayol in the Evolution of Management! Introduction to Role of Taylor and Fayol in Management Evolution: Before we proceed to describe the evolution of management in the neo-classical period, i.e., 1930-1960, let us describe the role of Taylor and Fayol in management evolution. The industrial revolution brought about radical changes in the methods and techniques of [...]

By |2016-07-30T09:44:05+05:30July 30, 2016|Management|Comments Off on Role of Taylor and Fayol in the Evolution of Management
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Top 8 Characteristics of Modern Management Thoughts

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, [...]

By |2016-07-30T09:44:05+05:30July 30, 2016|Management|Comments Off on Top 8 Characteristics of Modern Management Thoughts
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