What is meant by the study of organizational theory, what are the classifications of organizational theory and their precepts and what can we learn from its history?

Create a time line of Organizational Theories (schools) showing the precepts of each theory/school. Then in a summary paragraph compare the various theories on the time line identifying the trends of perspective that are illustrated by the time line.

Businesses to continue to succeed must always maintain a competitive advantage in the marketplace. The key to doing this has changed over the last century as is illustrated in our discussion in week one of the 21st century business challenges. Using your time line explain how the change in obtaining a competitive edge is reflected in the change of organizational theory over the last century?

The change of value regarding human resource to the organization coupled with technology is shifting the design of organizations towards "boundaryless" and flat organizational structures.