Management Theories

Critical Comparison of Classical, Neo-Classical, and Modern Theories of Management

1. CRITICAL COMPARISON OF CLASSICAL NEO-CLASSICAL MODERN THEORIES OF MANAGMENT DEPARTMENT OF PHARMACY UNIVERSITY OF PESHAWAR

2. NEED OF CLASSICAL THEORIES Management is needed in order to facilitate a coordinated effort toward the accomplishment of an organization's goals. LARGE SCALE ORGANIZATIONS RAISED MASS PRODUCTION OF PRODUCTS WAYS TO MOTIVATE EMPLOYEES-IMPROVE PRODUCTIVITY

3. CLASSICAL THEORIES

4. SCIENTIFIC MANAGEMENT THEORY

5. ADMINISTRATIVE MANAGEMENT THEORY

6. BUREAUCRATIC MANAGEMENT THEORY

7. APPRAISAL OF CLASSICAL APPROACH

8. LIMITATIONS OF CLASSICAL APPROACH

9. NEED OF NEO-CLASSICAL THEORIES Increased Social Awareness Complex Organizations Contradictory Views Lack Of Decision Making Industrial Psychology Development Increase Workload In Routine Human Relation Movements Of 1940-50

10. NEO-CLASSICAL THEORIES

11. HUMAN RELATION MOVEMENT

12. BEHAVIOURAL THEORY

13. APPRAISAL OF NEO-CLASSICAL APPROACH

14. LIMITATIONS OF NEO-CLASSICAL APPROACH

15. NEED OF MODERN THEORIES COMPLEXITY OF ORGANIZATIONS DIVERSITY OF INDIVIDUAL NEEDS UNIVERSAL MANAGEMENT IS IMPRACTICLE COMPLEX EMPLOYEE VIEW

16. MODERN THEORIES

17. SYSTEM THEORY

18. CONTINGECY THEORY

19. ORGANIZATIONAL HUMANISM

20. MANAGEMENT SCIENCE THEORY

21. APPRAISAL OF MODERN APPROACH

22. LIMITATIONS OF MODERN APPROACH

23. DISTINCTION POINT CLASSICAL NEO-CLASSICAL MODERN FOCUS Functions & economic demand of workers Emotion & human qualities of workers Blend STRUCTURE Impersonal & mechanistic Social system Flexible APPLICATION Autocratic, strict rules Democratic process Democratic process EMPHASIZE Discipline & rationality Personal security & social demand Simulation tools & situation based decision WORK GOAL OF WORKERS Max remuneration & reward Social satisfaction & productivity Attainment of organizational goal CONCEPT ABOUT MEN Economic being Social being Blend RELATION Formal Informal Informal NATURE Mechanistic Social Organistic DRIVERS Capitalism, Industrialization Capitalism, Industrialization, Democracy Capitalism, Industrialization, Warfare