Theories of Management
Theories of Management
Theory Y
It is focuses on goal.
1. People do not inherently dislike the work and that work can be a source of
satisfaction.
2. Workers have the self direction and self control necessary for meeting their
objectives.
3. Will respond to the rewards for the accomplishment of those goals.
2. The macro search for fusion of the many systems in business organization-
economic social technical political and quantitative methods in decision- making.
Modern management theories era can be father classified as the three streams viz:
1. Quantitative approach
2. System approach
3. Contingency approach
Indicating further refinement, extension and synthesis of all the classical and neo-
classical approaches to management.
1. Quantitative approach: Management science refers to the application of Quantitative
methods to management. Management science has an interdisciplinary basis in other
words management science is a combination and interaction of different scientists.
2. System approach:-according to system approach the organization is the unified,
purposeful systems composed of interrelated parts and also interrelated with its
environment. Each unit must mesh/ interact with the organization as a whole, each
manager most interact/ communicate and deal with executives of other unites and the
organization itself must also interact with other organizations and society as whole.
Luther Gulick:
He was influenced by Taylor and Fayol. He used Fayal‘s five elements ofadministration
viz.Planning,Organizing,Command,Coordination and Control as aframe work for his
neutral principles. He condensed the duties of administration into afamous
acronym‖POSDCORB‖.Each letter in the acronym stands for one of the sevenactivities of
the administrator as given below:
Planning (P): working out the things that need to be done and the methods for
doing them to accomplish the purpose set for the enterprise.
Organising (O): establishment of the formal structure of authority through which
work subdivisions are arranged, designed and coordinated for the
definedobjective.
Staffing (S): the whole personnel function of bringing in and training the staff,
andmaintaining favourable conditions of work.
Directing (D): continuous task of making decisions and embodying them
inspecific and general orders and instructions, and serving as the leader of
theenterprise.
Coordinating (CO): all important duties of interrelating the various parts of
thework.
Reporting (R): keeping the executive informed as to what is going on,
whichincludes keeping himself and his subordinates informed through
records,researchand inspection.
Budgeting (B): all that goes with budgeting in the form of fiscal
planning,accounting and control.
Luther Gulick was very much influenced by Fayal‘s 14 basic elements of administration
in expressing his principles of administration as follows:
Lyndal urwick:
Lyndal urwick also one of the among classical theorist, attached more important to the
structure of organization than the role of the people in the organization.
Lyndal urwick concentrated his efforts on the discovery of principles and identified eight
principles of administration applicable to all organization as given below:
1. The principle of objective-that all organizations should be an expression of apurpose.
2. The principle of correspondence-that authority and responsibility must be co-equal.
3. The principle of responsibility-that the responsibility of higher authorities of the
work of subordinates is absolute.
4. The scalar principle-that a paramedical type of structure is build up in an .
5. The principle of span control
6. The principle of specialization-limiting ones work to single function.
7. The principle of coordination-
8. The principle of definition-clear prescribed of every duty.
Definition: critical thinking is reflecting on a situation, a plan an event under the rule of
standards and antecedent to making a decision.(Mackenzie)
– Physiological. The need for food, drink, shelter and relief from pain
– Safety and Security. The need for freedom from threat, that is, the security from
threatening events or surroundings.
– Belongingness, Social and love. The need for friendship affiliation interaction
and love
– Esteem. The need for self-esteem and for esteem from others
– Self- Actualization. The need for fulfill oneself by making maximum use of
abilities skills and potential.