The document discusses the evolution of management thought through different stages and theories over time. It covers the classical, neoclassical, and modern theories of management. The classical stage included Max Weber's bureaucratic model and Frederick Taylor's scientific management approach. Henry Fayol contributed the administrative management approach. The human relations movement emerged through the Hawthorne Studies of Elton Mayo. Modern theories include quantitative approaches using mathematics, systems approaches viewing organizations as systems, and contingency approaches tailoring management to situations.

1. BUSINESS ORGANIZATION AND MANAGEMENT MANAGEMENT THOUGHTS

27. DOUGLAS McGREGOR (1906 – 1964) THEORY – X THEORY – Y WORKER IS LAZY AND DISLIKES WORK PEOPLE ARE NOT LAZY BY NATURE BUT THE TREAT-MENT IN ORGANIZATION MAKES THEM SO THEY ARE UNAMBITIOUS AND AVOID RESPONSI-BILITY THEY ARE AMBITIOUS AND THEY ACCEPT RESPONSIBILITY UNDER PROPER CONDITIONS THEY ARE NOT BOTHERED ABOUT ORGANIZATIONAL OBJECTIVES – THEY SHOULD BE DIRECTED THEY WILL EXERCISE SELF CONTROL AND SELF DIRECTION – NEED NOT BE DIRECTED

39. ANY QUERIES ?