Development of Management Thought

Development of Management ThoughtSubmitted toMS. CHANDRANI GANGULYClass teacher of BBA 1st semesterSubmitted byGroup-5BBA 1st semesterWhat is MANAGEMENT ????THE word MANAGEMENT is divided into 3 parts i.e. MANAGE- MEN- T here T denotes for things.

Management is a art of getting work done by others effectively & efficiently for the achievement of organization goal

Management thought has a long history. It is as old as human civilization itself. Management in one form or the other has been a significant feature of economic life of mankind throughout ages. Management thought is an evolutionary concept It has develop along with and in line with the growth of social, political, economic and scientific institutions.

The Classical Theory of Management It includes :-

Bureaucratic Model by Max Webber in 1990

Scientific Management by F.W. Taylor in 1910

III. Functional or Administration or Process Management by Henry Fayal in 1910I. Features of Bureaucratic Model

Rules and regulationTechnical competenceDivision of workRecord keepingII. Features of Scientific Management

Separation of planning and designMental revolutionStandardization of instruments, tools and work condition.

Books published on Scientific management 1. 1903, Shop management2. Principle and method of scientific management3. 1913 Scientific management

Paper Established

1. 1895, A piece rate system2. 1905, On the art of cutting metalsIII. Functional management theoryContribution of Henry Fayal:-

Planning, Organization, Command, Co-ordination, Control

Other Contribution Under Functional Theory

(i) Henry L. Gantt:- Gantt is regarded as one of the greatest contributor of Scientific Management era.

(ii) Gantt Chart:- He developed a daily balance sheet chart called Gantt chart.

Neo Classical Theories It includes:-1. Elton Mayos Human Relation Management (1927-1932)

2. Douglas Mc-Gregars contribution in X and Y theory

3. Abraham Maslow's contributionModern Management Theories It includes:-1. Quantative or Mathematical approach to management

2. System approach to management

3. Contingency approach to management1. It increases the efficiency of workers2. Making good relation3. It helps in decision making4. It helps in coordinationImportance of Development of Management ThoughtTheory X and Y Douglas McGregor proposed the two different sets of worker assumptions.Theory X: Assumes the average worker is lazy, dislikes work and will do as little as possible.Managers must closely supervise and control through reward and punishment.Theory Y: Assumes workers are not lazy, want to do a good job and the job itself will determine if the worker likes the work.Managers should allow the worker great latitude, and create an organization to stimulate the worker.Theory ZWilliam Ouchi researched the cultural differences between Japan and USA. USA culture emphasizes the individual, and managers tend to feel workers follow the Theory X model.Japan culture expects worker committed to the organization first and thus behave differently than USA workers.Theory Z combines parts of both the USA and Japan structure. Managers stress long-term employment, work-group, and organizational focus.