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Acc 216 Compile Note by Impact Team.
Acc 216 Compile Note by Impact Team.
Acc 216 Compile Note by Impact Team.
COURSE OUTLINE
1. DEFINITION OF THEORY AND LEVELS OF THEORY.
2. TYPES OF THEORIES
3. MANAGEMENT BY OBJECTIVES(MBO) AND EXEMPTION.
4. MANAGEMENT THEORIES AND MODELS
5. CONFLUENCE OF MANAGEMENT THEORY, MANAGEMENT PRACTICE AND
PHILOSOPHY OF MANAGEMENT
6. MANAGEMENT PRINCIPLES
7. THE LINK BETWEEN MANAGEMENT THEORY AND PRACTICE
8. THE NIGERIA EXPERIENCE OF THE MANAGEMENT PRACTICE.
9. Test questions and answers
10. Note the test questions is pivotal for you to know it.
1. Descriptive theories: These theories explain how things work in organizations and
describe the behavior of individuals and groups within them.
3. Contingency management theories: These theories suggest that there is no one best
way to manage an organization and that the most effective management approach
depends on the situation. Examples include contingency theory and situational
leadership theory.
One of the main advantages of management by objectives is that it promotes clarity and
alignment within the organization. By setting clear and measurable goals, employees
have a better understanding of what is expected of them and how their individual goals
contribute to the overall success of the organization. This alignment helps to improve
organizational performance and employee engagement.
Exemption, on the other hand, can be advantageous in certain situations where flexibility
is needed to achieve specific objectives. By exempting certain individuals or
departments from organizational rules or guidelines, organizations can better adapt to
changing circumstances and leverage the expertise of key personnel to achieve desired
results. This can help organizations to be more agile and responsive in a constantly
evolving business environment.
3. Human Relations Theory: Developed by Elton Mayo, this theory focuses on the
importance of employee satisfaction and motivation in achieving organizational goals.
5. Contingency Theory: This theory states that there is no one best way to manage an
organization, and that the most effective management approach depends on the specific
circumstances.
7. Six Sigma: This model is focused on reducing defects and improving quality by using
statistical methods and rigorous problem-solving techniques.
8. Theory X and Theory Y: Developed by Douglas McGregor, these theories contrast two
different views of employee motivation and management styles. Theory X assumes
employees are lazy and require strict supervision, while Theory Y assumes employees
are self-motivated and can be trusted to work independently.
These are just a few examples of the many management theories and models that exist.
Each theory and model offer unique insights and strategies for effective management,
and organizations may choose to adopt one or more of these depending on their specific
needs and goals.
Management theory provides the theoretical framework and models for understanding
and analyzing the principles of management. It encompasses various perspectives and
schools of thought, such as scientific management, systems theory, contingency theory,
and human relations theory. These theories help managers make informed decisions and
develop strategic plans based on sound principles and concepts.
Philosophy of management, on the other hand, focuses on the underlying beliefs, values,
and principles that guide managerial decision-making and behavior. It addresses
questions about the nature of leadership, ethics, organizational culture, and social
responsibility. Philosophy of management provides a moral and ethical framework for
managers to make ethical decisions and build a positive organizational culture.
Management thoughts
Management thought refers to the theory that guides management of people in the
organization. Initially management theories were developed out of the practical
experience of the managers in the industrial organization.The following shows the set of
thoughts managers exhibit in an organization.
1. Effective communication is key in any management role. Clear, consistent
communication helps to create a strong team that is aligned and working towards the
same goals.
2. A successful manager is someone who can delegate tasks effectively, trust their team
to deliver results, and provide support and guidance when needed.
3. It's important for managers to lead by example and demonstrate the behavior and work
ethic they expect from their team. This helps to build trust and respect among team
members.
5. Building a positive work culture is essential for team morale and productivity.
Managers should focus on creating a supportive, inclusive environment where
employees feel valued and motivated to perform at their best.
6. It's important for managers to recognize and reward employees for their hard work and
contributions. This not only boosts morale but also reinforces desired behaviors and
encourages continued performance excellence.
7. Conflict resolution skills are essential for effective management. Managers should be
able to address and resolve conflicts in a fair and timely manner, fostering a healthy and
productive work environment.
8. Strategic planning and goal setting are integral to successful management. Managers
should have a clear vision for their team and set SMART (Specific, Measurable,
Achievable, Relevant, Time-bound) goals to track progress and drive success.
10. A successful manager is someone who values feedback and is open to continuous
improvement and development. Seeking feedback from team members, peers, and
superiors can help managers identify areas for growth and refine their management
skills.
Management principles
There are various management principles that guide the overall functions and operations
of an organization. Some of the key management principles include:
1. Planning: This involves setting goals, objectives, and strategies for the organization to
achieve its mission. It involves deciding in advance what needs to be done, how it will be
done, and who will do it.
8. Unity of command: This principle states that each employee should have only one
direct supervisor to avoid confusion and conflicts in instructions.
2. Henri Fayol: A French mining engineer, Fayol is often considered the founder of
modern management theory. He introduced the idea of management functions, such as
planning, organizing, commanding, coordinating, and controlling, which are still widely
used in management today.
3. Max Weber: A German sociologist, Weber is known for his work on bureaucratic
management. He emphasized the importance of clear roles, hierarchy, and rules in
organizations.
5. Peter Drucker: Often called the "father of modern management," Drucker was an
Austrian-American management consultant and writer. He introduced the concept of
management by objectives and emphasized the importance of leadership, innovation,
and employee empowerment in organizations.
On the other hand, management practice involves the application of these theories in
day-to-day operations within organizations. Managers use various management
techniques, tools, and strategies to plan, organize, coordinate, and control resources to
achieve specific objectives. By applying management theory in practice, managers can
identify problems, make informed decisions, and implement strategies to improve
organizational performance.
The link between management theory and practice is essential for the continuous
evolution and improvement of management practices. As new challenges emerge and
organizations evolve, managers need to adapt their practices based on the latest
theories and research findings. This iterative process of testing, refining, and applying
management theories in practice helps organizations stay competitive, innovate, and
achieve sustainable growth.
In conclusion, the link between management theory and practice is crucial for the
effective functioning of organizations. By combining theoretical knowledge with practical
experience, managers can make informed decisions, solve complex problems, and drive
organizational success. It is essential for managers to stay updated on the latest
management theories and concepts to effectively navigate the dynamic and ever-
changing business landscape.
One key aspect of management in Nigeria is the importance of hierarchy and respect for
authority. Managers are typically seen as figures of authority and are expected to be
decisive and take charge of situations. This hierarchical structure can sometimes lead to
challenges in communication and decision-making processes, as subordinates may be
hesitant to voice their opinions or challenge their superiors.
Additionally, the Nigerian business environment is known for its bureaucracy and red
tape, which can make it challenging for companies to operate efficiently. Managers must
navigate complex regulatory requirements and bureaucratic processes, which can
sometimes slow down decision-making and hinder business growth.
Despite these challenges, Nigerian managers are known for their resilience and
resourcefulness. Many managers in Nigeria have a strong entrepreneurial spirit and are
adept at finding creative solutions to problems. This adaptability is essential in a country
with a rapidly changing business environment and often volatile economic conditions.
Question1
1)is there difference between management school of thought and management thoughts
if yes , give reasons and explain those schools of thought in management.
Answer.
Yes, there is a difference between management school of thought and management
thoughts.
Management school of thought refers to the specific theories or frameworks that have
influenced the field of management over time, while management thoughts are individual
ideas, beliefs, or concepts related to management that may or may not be part of a
broader school of thought.
Answer
1 Curiously discuss the Nexus between Management theories and practice. Using vivid
real life illustration.
Management theories serve as the foundation for guiding and understanding the best
practices in managing a team or organization. These theories are developed based on
research and analysis of various management practices and principles. However, the real
challenge lies in implementing these theories in practice and adapting them to fit the
unique needs and dynamics of each organization.
One vivid real-life illustration of the nexus between management theories and practice
can be seen in the case of Google. Google is known for its innovative and
unconventional management practices, which have been heavily influenced by
management theories such as the contingency theory and the theory of organizational
culture. Google's management philosophy focuses on employee empowerment, fostering
a supportive and collaborative work environment, and embracing a culture of
experimentation and creativity.
One key example of Google's innovative management practices is its policy of allowing
employees to spend 20% of their work time on personal projects. This policy, known as
"20% time," is inspired by the management theory of employee empowerment and
autonomy. By giving employees the freedom to work on projects of their choosing,
Google has successfully fostered a culture of creativity and innovation, leading to the
development of successful products such as Gmail and Google Maps.
In conclusion, the nexus between management theories and practice is essential for
organizations to thrive and succeed in today's competitive business environment. By
understanding and applying management theories effectively, organizations can create a
strong foundation for successful management practices that drive innovation, employee
engagement, and organizational success. Google's innovative management practices
serve as a compelling illustration of how theory and practice can work together to create
a dynamic and high-performing organizational culture.
In order way round;
The nexus between management theories and practice is essential in ensuring that
organizations are able to effectively apply theoretical concepts to real-world situations.
For example, a company may adopt a management theory that emphasizes
empowerment and employee involvement, such as Theory Y. By putting this theory into
practice, the company may see improved employee morale, higher productivity levels,
and better overall performance. This illustrates how the application of management
theories can lead to tangible results in the workplace.
2. Lack of empirical support: Some critics argue that there is limited empirical evidence
to support the assumptions of Theory X and Theory Y, leading to concerns about the
validity and reliability of these theories in predicting and explaining human behavior in
organizational settings.
3. Bias towards Theory Y: Critics suggest that Theory X is often perceived more
negatively compared to Theory Y, leading to a bias towards emphasizing the positive
aspects of Theory Y and neglecting the potential benefits of Theory X in certain
situations.
4. Ignoring situational factors: Critics argue that Theory X and Theory Y fail to consider
the role of situational factors in influencing employee behavior, such as organizational
culture, leadership style, and external factors, which may impact the applicability and
effectiveness of these theories in practice.
5. Potential for manipulation: Some critics have raised concerns about the potential for
Theory X and Theory Y to be used as tools for manipulation and control by managers,
particularly if they are implemented in a rigid and authoritarian manner that disregards
employee autonomy and empowerment.
3 Compare and contract the Maslow's theory with Taylor's theory
1. Maslow's theory focuses on psychological needs and the hierarchy of human needs,
whereas Taylor's theory focuses on improving efficiency and productivity in the
workplace.
Overall, Maslow's theory is more concerned with understanding human behavior and
motivation, while Taylor's theory is more concerned with improving workplace efficiency
and productivity.
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