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Development of management thought

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management theories, school of management thought

management theories, school of management thought

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  • 1. Development of Management Thought
    Submitted byHarpreet Singh
    M.Com 1st Semester
    Submitted toDr. A. K. Sharma Lect. In Commerce Dept.
  • 2. Introduction
    Development of management thought is basically theory of Management. Theory is known as body of principles.
    As in Mathematic they are known as theorem. Theory is concerned with generation derived from data and establishing significant relationship.
  • 3.
  • 4. The Classical Theory of Management
    It includes :-
    Bureaucratic Model by Max Webber in 1990
    Scientific Management by F.W. Taylor in 1910
    III. Functional or Administration or Process Management by Henry Fayal in 1910
  • 5. I. Features of Bureaucratic Model
    • Rules and regulation
    • 6. Technical competence
    • 7. Division of work
    • 8. Record keeping
    II. Features of Scientific Management
    • Separation of planning and design
    • 9. Mental revolution
    • 10. Standardization of instruments, tools and work condition.
  • Books published on Scientific management1. 1903, Shop management2. Principle and method of scientific management3. 1913 Scientific managementPaper Established1. 1895, A piece rate system2. 1905, On the art of cutting metals
  • 11. III. Functional management theoryContribution of Henry Fayal:-Planning, Organization, Command, Co-ordination, ControlOther Contribution Under Functional Theory(i) Henry L. Gantt:- Gantt is regarded as one of the greatest contributor of Scientific Management era.(ii) Gantt Chart:- He developed a daily balance sheet chart called Gantt chart.
  • 12. Neo Classical Theories
    It includes:-
    1. Elton Mayo’s Human Relation Management (1927-1932)
    2. Douglas Mc-Gregar’s contribution in
    X and Y theory
    3. Abraham Maslow's contribution
  • 13. Modern Management Theories
    It includes:-
    1. Quantative or Mathematical approach to management
    2. System approach to management
    3. Contingency approach to management
  • 14. Importance of Development of Management Thought
    1. It increases the efficiency of workers2. Making good relation3. It helps in decision making4. It helps in coordination
  • 15. Thank you

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