Professional Documents
Culture Documents
MANAGEMENT
THOUGHT
ABHIJIT TALUKDARBARCH SEM VIII
ROLL NO:01GCAP ,AZARA
CONTENTS
1. INTRODUCTINO TO MANAGEMENT
2. DEFINITION OF MANAGEMENT
3. PRINCIPLES OF MANAGEMENT
4. FUNCTIONS OF MANAGEMENT
5. IMPORTANCE OF EFFECTIVE MANAGEMENT
6. HISTORY OF MANAGEMENT
7. THREE TYPES OF MANAGEMENT THEORIES
8. TAYLOR’S THEORY OF MANAGEMENT/PRINCIPLES
9. TECHNIQUES/ EVALUATION OF TAYLOR’S THEORY
10. FAYOL’S ADMINISTRATIVE THEORY
11. EVALUATION OF FOYALS THEORY
12. TAYLOR AND FOYALS THEORY COMPARISION
13. CONCLUSION
INTRODUCTION
• Management thought refers to the theories that guide management
of people in the organisations
• Initially , these theories developed out of practical experience of
managers in the industrial enterprises. Later on they borrowed ideas
from other fields of study like science, anthropology, sociology etc.
• The driving force behind this is the search for better ways for
organizing resources
• Consists of planning, organising, staffing etc
• Adam smith established the management though in 1776
• Evolution of management began in the late 19th century after the
industrial resolution
• Classical example is the construction of pyramids in Egypt
DEFINITION OF MANAGEMENT
• MANAGEMENT CAN BE DEFINED AS THE PROCESS OF PLANNING,
ORGANIZING, DIRECTING, AND CONTROLLING RESOURCES TO
ACHIEVE ORGANIZATIONAL GOALS EFFECTIVELY AND EFFICIENTLY.
HENRY FAYOL
EVALUATION OF FAYOL’S THEORY
• HIS PRINCIPLES ARE WIDELY ACCEPED IN BUSINESS AND NON-
BUSINESS WORLD
• HE PIONEERED IN HIGHLIGHTING THE PRINCIPLES OF MANAGEMENT
• CRITICISM
• TOO FORMAL
• VAGUE
• INCONSISTENCY
• PRO-MANAGEMENT BIASED
• HISTORICAL VALUE
TAYOR AND FAYOL COMPARISION
COMPARISION OF HUMAN RELATIONS
THEORY AND BEHAVIOURAL RHEORY
CONCLUSION
• In conclusion, the evolution of management thought has been a dynamic and ever-changing journey that has shaped the way organizations are managed and
operated today. From the early theories of scientific management to the more contemporary approaches such as systems theory and contingency theory, each era
has contributed valuable insights and perspectives.
• The classical management theories, including scientific management and administrative management, laid the foundation for understanding organizational
structure, efficiency, and the importance of managerial roles. These theories emphasized the need for standardization, specialization, and hierarchical structures.
• The human relations movement introduced a significant shift in management thinking, recognizing the importance of employee motivation, satisfaction, and group
dynamics. This perspective highlighted the social and psychological aspects of work and emphasized the significance of communication, participation, and
leadership styles in promoting productivity and job satisfaction.
• The contingency approach brought about a greater emphasis on flexibility and adaptation. It acknowledged that there is no one-size-fits-all approach to
management and that the most effective methods depend on various situational factors. This perspective encouraged managers to analyze and understand the
unique circumstances of their organizations and make decisions accordingly.
• The modern era of management thought continues to evolve, incorporating concepts such as total quality management, empowerment, knowledge management,
and strategic management. These approaches recognize the importance of continuous improvement, innovation, and the alignment of organizational goals with
environmental changes.
• As we look to the future, it is clear that management thought will continue to evolve in response to emerging trends, such as globalization, technological
advancements, and shifting demographics. The challenges and opportunities presented by these trends will require managers to embrace new ideas, adapt their
practices, and foster a culture of learning and innovation.
• In conclusion, the evolution of management thought is an ongoing process that reflects the dynamic nature of organizations and society. By understanding the
historical development of management theories and embracing the principles and concepts that resonate with the current context, managers can navigate the
complexities of the modern business landscape and drive organizational success.
THANK YOU