Saturday, November 30, 2019
Management Theories and Success in Business
Introduction For any kind of business to be successful, different kinds of management theories must be implemented. In todayÃ¢â¬â¢s changing business organizations, the major functions of business management need to change as well in order to suit the managerial role. This means that there should be coordination between organization, planning, coordinating and leading roles in any business management set up.Advertising We will write a custom essay sample on Management Theories and Success in Business specifically for you for only $16.05 $11/page Learn More Management theories The first management theory is the scientific management theory which was developed under a classical point of view considering the large industrialized business organizations. This theory focuses on such organizations which manufacture a variety of products repeatedly. Considering the expenses involved in scientific methods and other technical operations as well as the reluctance on the part of the workers, this theory was developed to control these two situations. Firstly, a large organization needs to divide its operations into small sections to ensure that all employees are aware of their duties. Selection and training of competent personnel for all sections is equally required to ensure quality execution of duty. Monitoring of the operations in all sections should then be done effectively for assurance purposes. Consistent practice of these measures should also be ensured (Heller, 2006, p. 1). Another very important management theory is the administrative bureaucratic theory which defines all the principles of management. It emphasizes on division of labor where specific sections of an organization have their qualified personnel to concentrate on them. Since there is specialization in the different fields, production tends to increase. It also identifies the need of authority going hand in hand with responsibility where leaders are required to effective ly carry out their duties besides giving orders. Respect between employees and the management should as well be ensured. For instance, employees should seek approval from their leaders in a wise and disciplined manner and the leaders should as well respect the employees (Sinha, 2010, p. 1). For any organization to be successful and enjoy full profitability, supervision of its operations should be unified such that only one superior gives instructions. This helps prevent corrupt dealings in the organization. Employees working under a certain section of the firm should be unified and work towards achieving a one goal. Additionally, the employees should put the organizationÃ¢â¬â¢s interests before theirs all the time. Employees are only loyal and dedicated to their work when they are paid well. It is, therefore, the duty of the management team to distribute fair wages to the employees. Consolidation of power within the organization to ensure that maximum returns are received is as we ll very important. Effective communication from the highest authority to the lowest is very essential is promoting success of any organization (McNamara, 2010, p. 1).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Another management theory is the contingency theory where decision making should always be based on the situation that the organization is at during that specific time. It basically involves taking actions depending on the situations at hand. The final and very important aspect of any business organization is the systems theory which unifies a whole organization with the aim of achieving a specific goal for the benefit of all those who are involved. The idea of the system theory is to bring together different units, which may be referred to as raw materials, in an organization such as machinery in order to produce quality outputs. Through provision of quality products, the organi zation is able to maintain its customers and markets (Shah, 2010, p. 1). Conclusion The most important aspect of any organizationÃ¢â¬â¢s success is the consolidation and cooperation between its management and the employees both aiming at achieving a universal goal. Reference List Heller, R. (2006). Management Theories. Web. McNamara, C. (2010). Brief History of Management Theories. Web. Sinha, R. (2010). Management Theories. Web. Shah, K. and Shah, J. P. (2010). Theories of Motivation. Web.Advertising We will write a custom essay sample on Management Theories and Success in Business specifically for you for only $16.05 $11/page Learn More This essay on Management Theories and Success in Business was written and submitted by user Damon P. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.