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Term Paper-Principles of MGT
Term Paper-Principles of MGT
INTRODUCTION
Perhaps, the necessity to accomplish preset goals or objectives by working
together in groups is the reason for the development of thought of management.
However the modern operational management theory emerged in the early
twentieth century. In reality, for successful operation of any organization, the
crucial need for good management was perceived and this is why there was
serious thinking and theorizing about managing long before. Apparently, there
are many different management theories that are not identified in writing but
might be successfully implemented in enterprises and resulted in good output.
Notwithstanding, the contributions of writers and practitioners have resulted in
different approaches to management, and these make up a management theory
jungle. Among these identified ones, we will briefly discuss some of the salient.
financial,
security,
accounting,
and
managerial-
planning,
13. Initiative: Initiative is conceived of as the thinking out and execution of a plan.
Since men get pleasure when they can experience this, Fayol exhorts managers
to sacrifice personal vanity in order to permit them to exercise it.
14. Esprit de corps : This means in union there is strength. It emphasizes the
need for teamwork and the importance of communication in obtaining it.
discover
the
application
of
psychology
to
industry
and
Comment: Human mind is the actual moderator of all activities that are to
be accomplished. The thorough study on the theories of the abovementioned scholars about the psychology will help aiding our knowledge
of influencing people to work more as well as utilizing their attitudes
properly.
Interpersonal roles
1. The figurehead role (performing ceremonial and social duties as the
organizations representative)
2. The leader role
3. The liaison role (particularly with outsiders)
Informational roles
1. The recipient role (receiving information about the operation of an
enterprise)
2. The disseminator role (passing information to subordinates)
3. The spokesperson role (transmitting information to those outside the
organization.
Decision roles
1. The entrepreneurial role
2. The disturbance-handler role
3. The resource-allocator role and
4. The negotiator role (dealing with various persons and groups of persons).
unquestionably
important
managerial
activities
such
as
wisely we may consider that these activities might be done through leader
role and the entrepreneurial role.
4. SUMMARY
Numerous writers, practitioners, and executives have contributed to the
development of management thought. Frederick Taylor, the father of scientific
management, suggested the ways to improve productivity through scientific
methods. Henry Gantt is renowned for the scientific selection of workers and the
cooperation between labor and management. He developed the Gantt chart
focusing the need for training. Frank Gilbreth is famous for his time and motion
theory. Henri Fayol, the father of modern management theory, formulated
fourteen principles of management. Hugo Munsterberg applied psychology to
industry and management, while Walter Dill Scott applied it to advertising,
marketing, and personnel management. Max Weber is well-known for his theory
of bureaucracy. Vilfredo is appreciated for his social systems approach. Elton
Mayo and his associates discovered the impact of the social attitudes of working
class. Chester Barnard suggested a complete social system approach,
concentrating on major elements of the managerial job, containing extraordinary
insights on decision making and leadership. Nevertheless, developing the
management thought the contributions of some public administrators, business
managers, behavioral scientists, and prolific writers deserve mentioning. Peter F.
Drucker, W. Edwards Deming, Laurence Peter, William Ouchi, and Harold
Koontz are some of them; the contributions of whom are discussed earlier.
5. RECOMMENDATION
Even though the practitioners realize that the fundamentals of management are
universal, theorists of this school would readily admit that the difficulties
managers face and the situations in which they operate vary among managerial
levels in an enterprise and among different enterprises and that the application
of concepts, theories, and techniques will naturally vary. Hence the managers
are to integrate their knowledge of management science and theories, insights,
and intellects to select the best approach or the approaches to conduct the
functions of their organizations to make them successful through creating
surplus.
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