Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

INTRODUCTION OF MANAGEMENT THEORY:

A collection of the ideas which set forth general rules on how to the manage business and organization. Management theory addresses how to managers and supervisors relate their organizations in knowledge of its goals. The implementation of the effective means to get goals accomplished and how to the motivate employees perform to maximum standard.

Management Theory is the study of principles and practices of the business to attain its preferred organizational goals to conducting effective management. The Management Theory is a range of the approaches including principles of the accounting, public operations, relations, labor relations, investment time management, and corporate governance to improve the performance of the business in some measurable and otherwise provable way.

Definition of management theory:

Management theory in the business and organizations is the function that is coordinates the efforts of the people to accomplish goals and objectives using existing resources efficiently and effectively. Management theory comprises planning, staffing, organizing, leading and directing, or controlling an organization and initiative to the accomplish a goal.

 Resourcing encompasses the deployment and manipulation of the human resources, technological resources, financial resources, and the natural resources. Management theory is also an academic discipline, and the social science whose object of study is the social organization.

Element of management theory:

Management theory has the four main elements. It is

 (1)  Process comprised of the interrelated social and technical functions or activities

 (2) That accomplishes the organizational objectives,

 (3) Achieves these objectives and through use of the people and other resources,

 (4)Does so in formal organizational setting. In concert with the managers at various levels and senior management establishes the organizational objectives and all who work in organization strives to the get them.

Various types of management theory:

Management theories are the implemented to help increase organizational productivity and the service quality. They commonly use  the combination of  the number of theories.

*Contingency Theory: This theory is asserts that managers make decisions based on situation at hand rather than a one size fits all technique.

*Systems Theory: The Managers who understand the systems theory recognize how different systems affect worker and how a worker affects the systems around them.

*Chaos Theory: The Chaos theory recognizes that change is inevitable and is infrequently controlled. While the organizations complexity, grow, and the possibility for susceptible the events increase.

*Theory X and Theory Y: The Managers who believe on workers naturally lack ambition and need incentives to the increase productivity lean toward Theory X management style. And Theory Y believes that workers are naturally driven and take the responsibility.

Basic functions of the management theory:

Management operates during the five basic functions: planning, coordinating, organizing, commanding, and controlling.

1. Planning: Deciding what needs to happen in future and the generating plans for the act.

2. Organizing: Making sure human and nonhuman resources are put into the position

3. Coordinating: Creating the structure through which ran the organization goals can be accomplished.

4. Commanding: Determining what must be done in the situation and getting the people to do it.

5. Controlling: Checking the progress of against plans.

Basic roles of management theory:

1. Interpersonal: The roles that involve the coordination and interaction with the employees,

2. Informational: The roles that involve sharing, handling, and analyzing the information,

3. Decisional: The roles that require the decision-making.

Skills of management theory:

1. Political: used to the build a power base and establish the connections,

2. Conceptual: used to analyze the complex situations,

3. Interpersonal: used to the communicate, mentor, stimulate, and delegate,

4. Diagnostic: ability to the visualize most appropriate response to the situation,

5. Leadership: ability to lead the and provide guidance to the specific group,

6. Technical: Expertise in the one's particular functional of area.

Management Theory Role and the Importance:

Management theory is very important because it is study of how to make all people in our organization more dynamic. If you are self-employed and have others functioning for you, and you outsource certain jobs you are the unable to do, then you know how to hard it is to find athletic competent professionals to provide you the service and work for you. You want to maximize the labor productivity and learning how to manage the people is key. The key to the business management is to the maximize productivity.

Looking for Management expert? Hire experts for Management question's answers

Are you looking for expert's assistance for your Management job? Finding answers for your Management problems? Hire today online Management expert and start finding your answers. Mywordsolution offers you valuable service delivery in solving your problems and questions through expert's assistance. You will get quality service delivery by qualified and experienced subject or category experts within short time span.

Management Studies,Management Theories


Recent Management Theories Questions

For this assignment write a minimum of 4 pages in length

For this assignment, write a minimum of 4 pages in length describing your intervention plan to lead the people in conflict toward transformative change. Be sure to use the unit lesson as a guide. Incorporate at least fiv ...

1 a is an example of a first-line managera shift managerb

1. A ________ is an example of a first-line manager. A. shift manager. B. division manager. C. store manager. D. regional manager. 2. Establishing strategies for achieving organizational goals is a part of the ________ f ...

Prepare a microsoft powerpoint presentation imagining that

Prepare a Microsoft PowerPoint presentation imagining that you are part of a consulting firm hired by P&G. Your task is to help Mr. Lafley sharpen P&G's strategic position. In your presentation include the following info ...

Communication - final project - discussiontopic management

Communication - Final Project - Discussion Topic: Management Reports Management reports have been a prominent topic the past few years. The term "Management Reports" can be understood in a variety of different contexts a ...

Write the given essay assignmentessays should demonstrate

Write the given essay assignment. Essays should demonstrate substantive research and critically evaluate the literature on a particular topic. Essays should be approximately 5,000 words, including footnotes. The idea for ...

Task 1in task 1 answer each section with brief factual and

Task 1 In Task 1 answer each section with brief, factual and concise statements. 1 Prepare a detailed flow chart illustrating the process of quality control that is employed within your area of responsibility. Include no ...

Change management workbook 1a context analysisq1 how is ai

CHANGE MANAGEMENT WORKBOOK 1 A. Context Analysis Q1: How is AI (Artificial Intelligence) a game-changer in the industry you're analyzing? What new competitive dynamics/models emerge b/c of the introduction of AI? Q2: Ben ...

Business marketing discusion 150 wordssupply chain

Business Marketing Discusion (150 words) Supply Chain Management • Supply chain management is instrumental as it pertains to marketing as marketing plays a key role in integrating supply chain processes and promoting col ...

Question onewhat results in your departments seem to be

Question one: What results in your departments seem to be correlated or related (either causal or not) to other activities? How could you verify this? What are the managerial implications of a correlation between these v ...

Supply chain managementa supply chain involves all the

Supply Chain Management A supply chain involves all the activities associated with how manufacturing, materials, facilities, personnel, transportation, inventory, and other items flow and a supply chain involves all the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro