Five Approaches to Management Theory

Contents

Theories of Management3

Contingency Management Approach3

Systematic Management Approach4

Classical Approach to Management5

Behavioral approach to management5

Neo-classical Approach to Management Theory6

References7

Five Approaches to Management Theory



Theories of Management

Theories of management are set of rules and ideas that are designed to help in the management. They assist in proper planning, organizing, leading and controlling. Management theories are put into practice to help increase productivity and service quality of an organization. Nowadays, not many managers utilize a single thought or theory when implementing strategies in the workplace. They generally use a combination of several theories, depending on the workplace, workforce and purpose. (McGraw Hill, 2003)

Contingency Management Approach

The contingency approach to management emphasizes that there is nothing absolute in companies. Everything is relative, and it all depends. The contingency approach explains that there is a functional relationship between environmental conditions and appropriate management procedures for the effective achievement of the objectives of the business.

The contingency theory was born from a series of surveys to verify the most

effective models of organizational structure in certain types of industries. These surveys and studies were contingent on the extent that sought to understand and explain the way in which companies operated in different conditions. These conditions vary according to the environment or context that companies chose as their field of operations. In other words, these requirements are dictated in accordance with its external environment. These external contingencies can be considered as opportunities or constraints that affect the structure and internal processes of companies. (Valarie.A.Zeitham, 2013)

Systematic Management Approach

A systemic approach to management enables inter-related processes identified, understood and managed in order to increase the performance of the organization as a whole. The "Systems Approach to Management" principle, in accordance with the provisions of the rules of the ISO 9000 family, states "identifying, understanding and managing inter-related processes as ...