Development of management thought

management theories, school of management thought

1. Development of Management Thought Submitted to Dr. A. K. Sharma Lect. In Commerce Dept. Submitted by Harpreet Singh M.Com 1 st Semester

2. Introduction Development of management thought is basically theory of Management. Theory is known as body of principles. As in Mathematic they are known as theorem. Theory is concerned with generation derived from data and establishing significant relationship.

3. The Classical Theory of Management It includes :- Bureaucratic Model by Max Webber in 1990 Scientific Management by F.W. Taylor in 1910 III. Functional or Administration or Process Management by Henry Fayal in 1910

4. I. Features of Bureaucratic Model Rules and regulation Technical competence Division of work Record keeping II. Features of Scientific Management Separation of planning and design Mental revolution Standardization of instruments, tools and work condition.

5. Books published on Scientific management 1. 1903, Shop management 2. Principle and method of scientific management 3. 1913 Scientific management Paper Established 1. 1895, A piece rate system 2. 1905, On the art of cutting metals

6. III. Functional management theory Contribution of Henry Fayal:- Planning, Organization, Command, Co-ordination, Control Other 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.

7. Neo Classical Theories It includes:- 1. Elton Mayo’s Human Relation Management (1927-1932) 2. Douglas Mc- Gregar’s contribution in X and Y theory 3. Abraham Maslow's contribution

8. Modern Management Theories It includes:- 1. Quantative or Mathematical approach to management 2. System approach to management 3. Contingency approach to management

9. 1. It increases the efficiency of workers 2. Making good relation 3. It helps in decision making 4. It helps in coordination Importance of Development of Management Thought

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