Managing a team is an integral part of the organisation; this is only some people’s tea. Management is a single word, but it comprises many responsibilities. This role is designated to someone who can manage and handle uncertainties in the organisation or the company. This blog will encapsulate various management theories, and then we will explore how these theories can be applied to the real world and how they benefit organisations. So, before we delve into various management theories, we should first learn about management concepts and theories and why they play an important role in the organisation. Management theories and concepts were introduced for no reason, and now they are being utilised by organisations of all sizes to foster their overall performance. These theories have been updated continuously with the rapid change in the business landscape. Modern management theories differ quite from traditional management theories; thus, managers should have proper knowledge before implementing them into their organisations.
Management concepts evoke managing people, allocating tasks, scheduling projects, monitoring tasks, decision-making, and other essential duties. All these tasks play a vital role in the organisation. In addition to that, a manager also needs to encourage their employees whenever they need a manager’s help; overall, it is the manager’s core responsibility to improve the operational process within an organisation. The need for management theories was realised when businesses started to grow, and managers found handling many human resources difficult. This urged the introduction of managing theories that the industries can incorporate to improve their practice. The management theories play a vital role in improving the overall performance and productivity of the organisations.
Modern management theories have become an integral part of the business, and the theories have been classified into three major categories: Classical Management Theory, Behavioural Management Theory and Modern Management Theory. The “Classical management theory” emphasises implementing the theories and thus maximising the overall productivity of the company or the industry. Further, the “Behavioural Management Theory” emphasises improving human behaviour within the organisation and, thus, the overall environment of the organisation. Finally, “Modern Management Theory” combines the concepts of modern scientific methods and the systematic thinking approach.
Now, we will discuss classifications in detail
This theory is an advancement of the oldest management theory, emphasising improving organisational operations and thus increasing overall productivity. In addition, when incorporating this theory, managers encourage and motivate employees through bonuses and incentives. In other words, compensation is considered the motivational element, and they also arrange for recognition programs for high-performing employees.
The classical management theory is categorised into three parts:
The rapid increase in the complexity of organisational operations has raised the demand for human resources. Thus, the organisations’ primary elements were the employees’ appropriate human behaviour and interpersonal needs. Thus, to practice this theory effectively, managers should encourage a collaborative environment where everyone should have equal access to opportunities.
Further, this theory has been categorised into two parts
As in the modern era, technology is continuously changing and updating according to industrial needs. Thus, to improve organisational operations, businesses should focus on adopting trending technology to improve productivity and thus reduce labour time.
This theory can be divided into three major
The above-mentioned managerial theories play a vital role in the organisation, and all these theories are only a perfect fit for some organisations; this depends on the organisational requirements. Effective management plays a pivotal role and is considered the backbone of organisations. So managers, before incorporating any of the management theories, should ensure they have proper knowledge of the theories.
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In this section, I will discuss some of the strategies that managers may adopt to practice effective management in the workplace
Flatten the organisational hierarchy
The flattening of the organisational hierarchy will lead to improved innovation and creativity. This could also foster a collaborative work environment, and everyone would feel free and thus will be able to share their perspectives freely.
Effective management is an integral part of the organisation, and in the fast-paced economy, this has become a powerful tool for effective management. They follow some management theories based on organisational goals to practice effective management in the organisation. Management theories refer to all the processes of an organisation. That involves allocating tasks, prioritising tasks, monitoring tasks and so on. Management theories have been categorised into three parts: Classical Management Theory, Behavioural Management Theory, and Modern Management Theory. The “Classical management theory” emphasises implementing the theories and thus maximising the overall productivity of the company or the industry. “Behavioural Management Theory” emphasises improving human behaviour and, thus, the overall environment of the organisation. And “Modern Management Theory” combines the concepts of classical theory and behavioural theory. But these theories are a perfect fit for all sizes of organisations, so managers, before adopting these theories, must ensure that they have proper knowledge of this.
Management theories refer to guidelines or rules that managers follow to manage and handle organisational performance.
This theory plays a vital role, and the urge for this theory was raised when the managers faced challenges in handling mass employees within the organisation.
Modern management theories have been categorised into three categories: classical management theory, Behavioural Management Theory and Modern Management Theory.
Traditional management theories are limited to specific business activities, but modern management theories are more dynamic and can be applied to various situations. Traditional concepts and theories are one chain command fixed with planned decisions. However, modern theories are flexible and vary depending on the situation.
There are numerous ways that managers can adopt to select the management theory for their organisation; those involve:
Author Bio: Mark Edmonds, a devoted proficient at Academic Assignments, overcomes any issues among hypothesis and practice with his keen substance. As a carefully prepared master, he exhibits an abundance of information in management concepts, rejuvenating them through certifiable applications. Intensely for schooling, Mark’s skill reaches out to conveying top-level MBA dissertation help and assignment writing services, enabling students to academically succeed. His obligation to greatness radiates through in his work, making him an esteemed supporter of the field of training.