Mgt 521 Management Theories And The Workplace

Management Theories and the WorkplaceName: Institutional affiliation Management Theories and the WorkplaceIntroductionManagement is the process of organizing and coordinating the activities of a business. The individual in charge of management is called the manager. Managers perform planning, organizing, leading, and controlling among other roles. Planning is the process of laying down a plan to achieve an objective. Organizing is the act of bringing together different resources, such as human resource, financial resource and machines. Leading is guiding the followers towards a certain goal, while controlling is ensuring that everything is as planned. Various theories explain how managers should run organizations to accomplish their duties. Some of the theories include; scientific theory, human relation theory, administrative theory and system theory. However, no single theory provides an absolute solution to management problems. Management TheoriesScientific theoryScientific theory by Frederick Winslow Taylor is among the oldest theories of management. Taylor based his theory on four principles: scientific approach, job matching, performance measurement and delegation of duties. According to Taylor, an organization achieved optimum output, not by making employees to put extra effort but by making employees use less effort to do their work.