THE THEORIES OF MANAGEMENT 2 3 4 Theories of Management Theories of Management
(1900 – 1920’s) is the oldest theory. This theory evolved in
response to the shift from handicraft to industrial production.
The emphasis is on the economic rationality of people and
organizations, motivated by economic incentives that through their efforts yield greatest monetary benefits or income. Theories of Management
The best way toward gaining maximum productivity from
workers is through motivation, structure and supporting employees, consider the worker’s intrinsic value in their jobs and having emphasis in the positive impact of social relationship of worker productivity.
Focuses on human relations and behavior of the
employees. Theories of Management Dealing with complexity is the core of modern management theory. Focus is on the interaction between Organizations, Workers, and Environment.
It is a synthesis of several theories such as, behavioral science,
Mathematics, Statistics, operations / quantitative research and computing technologies.
Application of management knowledge is extended to non-business
areas like education, government, health care and others. 9 Scientific Management FREDERICK W. TAYLOR Theory 11 12 13 14 15 Bureaucratic Theory MAX WEBER 17 18 19 20 21 22 23 24 Administrative Management HENRI FAYOL Theory 26 33 35 37