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Development of management thought


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management theories, school of management thought

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Development of management thought

  1. 1. Development of Management Thought<br />Submitted byHarpreet Singh<br />M.Com 1st Semester<br />Submitted toDr. A. K. Sharma Lect. In Commerce Dept.<br />
  2. 2. Introduction<br />Development of management thought is basically theory of Management. Theory is known as body of principles. <br />As in Mathematic they are known as theorem. Theory is concerned with generation derived from data and establishing significant relationship.<br />
  3. 3.
  4. 4. The Classical Theory of Management<br />It includes :-<br />Bureaucratic Model by Max Webber in 1990<br />Scientific Management by F.W. Taylor in 1910<br />III. Functional or Administration or Process Management by Henry Fayal in 1910<br />
  5. 5. I. Features of Bureaucratic Model<br /><ul><li>Rules and regulation
  6. 6. Technical competence
  7. 7. Division of work
  8. 8. Record keeping</li></ul>II. Features of Scientific Management<br /><ul><li>Separation of planning and design
  9. 9. Mental revolution
  10. 10. Standardization of instruments, tools and work condition. </li></li></ul><li>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<br />
  11. 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.<br />
  12. 12. Neo Classical Theories <br />It includes:-<br />1. Elton Mayo’s Human Relation Management (1927-1932)<br />2. Douglas Mc-Gregar’s contribution in<br /> X and Y theory<br />3. Abraham Maslow's contribution<br />
  13. 13. Modern Management Theories <br />It includes:-<br />1. Quantative or Mathematical approach to management<br />2. System approach to management <br />3. Contingency approach to management<br />
  14. 14. Importance of Development of Management Thought<br />1. It increases the efficiency of workers2. Making good relation3. It helps in decision making4. It helps in coordination<br />
  15. 15. Thank you<br />