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Principle of Management

1-Explain why studying management history is important

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Studying management history is important because it helps us to understand the context of

modern management practices. It allows us to appreciate the evolution of management theories

and practices, and to identify the key events and people who have shaped the way we manage

today. However, studying the history of strategy and management is not to apply it directly

to present practices or to try to predict future practice. By understanding the history of

management, we can better recognize the impact of past decisions on current strategies and

actions. This helps us to make better informed decisions in the present, and to anticipate and

prepare for potential future changes in the business environment. Ultimately, the study of

management history helps us to become better informed and more successful managers.

2- Describe what you feel is the most important contribution made

by classical theorists.

The most important contribution made by classical theorists is their development of the scientific

method. This method is still used today to systematically and objectively study phenomena,

analyze data, and draw conclusions. Classical theorists also pioneered the application of

empirical evidence to the study of social and economic issues, and developed theories of

economics, sociology, psychology, and political science that still form the basis of modern

analysis. Finally, they laid the foundation for the modern scientific method and the concept of

the scientific approach to problem-solving.

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3- Why were the Hawthorn Studies so critical to management

history?

The Hawthorne Studies were critical to management history because they marked the first time

that psychologists, sociologists, and other researchers had applied scientific methods to the study

of human behavior in the workplace. The studies showed that employee motivation and

productivity could be affected by non-financial factors, such as social relationships, working

conditions, and psychological climate. In other words, the studies demonstrated that management

practices could affect employee performance. This was a revolutionary idea at the time and led to

a greater focus on the importance of human relations in management.

4- Explain what the quantitative approach has contributed to the

field of management.

The quantitative approach to management has been a key factor in improving the efficiency of an

organization. This approach has contributed to the field of management in several ways. It has

helped to identify and measure the performance of individual processes and employees, which

has enabled managers to better allocate resources and make informed decisions. It has also

enabled managers to better analyze and forecast trends and market conditions, allowing them to

make strategic decisions that are based on facts and data. The quantitative approach has also

helped to improve the accuracy of financial statements, which has led to better decision-making

and improved profitability. Finally, it has enabled managers to better understand and manage

risk, allowing them to identify potential threats and opportunities in a timely manner.
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5-How do systems theory and the contingency approach make

managers better at what they do?

Systems theory and the contingency approach help managers better understand the complexities

of their organization and the environment in which it operates. Systems theory focuses on how

different parts of the organization interact to produce desired outcomes, while the contingency

approach considers the context and environment in which the organization operates. By

understanding and considering the interrelatedness of the organization and its environment,

managers can make better decisions about how to adapt their management strategies based on the

specific situation. This enables them to anticipate and respond to changes in the environment,

recognize patterns and trends, and plan. In addition, managers can gain insight into how their

decisions and actions will affect the whole organization, allowing them to make better-informed

decisions that are in the best interest of the organization.

6-How do societal trends influence the practice of management?

What are the implications for someone studying management?

Societal trends can have a major impact on the practice of management. With the rise of digital

technologies, managers must learn to adapt to new ways of working and communicating. For

example, they need to develop the skills to effectively manage teams in a virtual setting, or to use

data analytics to gain insights into customer behaviors. As such, understanding current societal
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trends is essential to successful management practice. For someone studying management,

understanding the implications of societal trends is important. It helps equip them with the

knowledge and skills to develop successful strategies and plans for their organizations. They can

use this knowledge to be innovative and stay ahead of their competition in an ever-changing

landscape. They can also draw on knowledge of societal trends to better understand their

customers and meet their needs.

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Sources

1- (2022, September). https://benjaminwann.com/blog/why-is-studying-management

2- (n.d.). https://harappa.education/harappa-diaries/classical-theory-of-management/.