Assignment:Briefly discuss the theories of management.
Theories of Management
The theories of management included the Industrial Revolution 1700’s-1800’s, Classical School: 1800s-1950s, Human Relations Movement: 1930s–present, and Human Resources School: 1950–present, and the Contemporary Management Theories (1940’s-Present). There are many principles, followers, components, advantages, and disadvantages to the theories of management.
The Industrial Revolution replaced the animal and human power by mechanical power and transformed agriculture based economies to manufacturing based ones (WebFinance, 2014). The classical school of thought generally concerns ways to manage work and organizations more efficiently (Vector Study, 2014). This management school focuses on efficiency. Henry Fayol, Mary Parker Follett, Henry Gantt and Max Weber were followers of this theory and they believed that believe money motivates people. The school involved structured management approaches. This school consisted of Administrative, Scientific, and Bureaucratic Management (Dunn, 2010). The Human Relations Movement consists of Hawthorne Studies, Limited rationality theory, and the acceptance theory. The studies were conducted to identify the effect that working conditions had on productivity. The acceptance theory states that managers only have as much authority as employees allow them to have (Dunn, 2010). The Human Resources School consisted of the behavioral approach. This approach did not always increase productivity. The importance of human resources within an organization is becoming increasingly understood in today's rapidly changing and uncertain business environment (Dunn, 2010).