Showing posts with the label
Evolution of Management Thought
RECENT APPROACHES TO MANAGEMENT Just-In-Time Manufacturing It is an inventory management strategy to improve returns on investment by reducing in process inventory and its associated costs. The syste…
SOCIAL SYSTEM APPROACH: CHESTER I. BARNARD Chester I. Barnard who developed the concept of cooperative social system is considered the father of social system approach. This approach looks upon organ…
HUMAN RELATION MOVEMENT: ELTON MAYO Elton Mayo is generally recognized as the father of Human Relation School. It was he who led the team conducting the study at Western Electric’s Hawthorne Plant (…
SCIENTIFIC MANAGEMENT: F.W. TAYLOR It was F.W. Taylor who recognized for the first time the need of a scientific approach to the task of managing an enterprise. He is called the father of the Scienti…
CONTINGENCY APPROACH Contingency approach advocates that managerial actions and organizational design must be appropriate to the given situation and a particular action is valid only under certain co…
SYSTEM APPROACH The system approach is based on the view that an organization is a system composed of elements that are interrelated and interdependent. According to Cleland and King. “A system is c…
NEO-CLASSICAL OR HUMAN RELATIONS APPROACH The classical theory concentrated on formal organization and ignored the ‘human factor'. The neo-classical or human relations approach was proposed as a …
CLASSICAL APPROACH The classical approach is one of the oldest approaches to management and is also known by various names such as, Functional approach, Management Process approach and Administrative…