This document provides an overview of several important management theories:
1. Frederick Taylor's Scientific Management Theory focused on improving economic efficiency through time and motion studies, training workers in improved methods, and linking pay to productivity.
2. Henri Fayol's Administrative Management Theory outlined 14 principles of management including division of work, unity of command, and subordination of individual interests.
3. Max Weber's Bureacratic Theory proposed three types of authority: traditional, charismatic, and legal/bureaucratic and that bureaucracies are structured by rules, documents, and impersonal relations.
4. Elton Mayo's Behavioral Theory, known as the Hawthorne Effect, found that novel changes