Management theory is important because it is the study of how to make all the people in your organization more productive.
Three major theories in the study of management are Classical Management Theory, which focuses on efficiency and organizational structure; Behavioral Management Theory, which emphasizes the importance of understanding individual and group behavior in the workplace; and Modern Management Theory, which focuses on adapting to a dynamic and ever-changing business environment through innovation and flexibility.
Scientific management theory focuses on improving efficiency through systematic analysis of work processes and employee tasks, aiming for maximum productivity. Human relation theory emphasizes the importance of social relationships in the workplace, recognizing that employee satisfaction and morale can significantly impact productivity and performance. While scientific management focuses on task optimization, human relation theory emphasizes the importance of human factors in organizational success.
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The classical theory of management viewed a worker as a tool and not as a human being. Under Taylorism, the worker developed a negative morale. Human and behavioral aspects of management were not given importance.
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Abraham Maslow's main contribution to Management Theory is in regards to motivation. His humanistic approach challenged the scientific view that money was the only way to motivate someone. He believed that each person was good-natured and just needed a personal motivator to do what needed to be done.
Max Weber's theory of management emphasized the importance of rationality, hierarchy, and impersonal rules in organizations. He introduced the concept of bureaucracy as a way to efficiently organize large institutions. Weber's ideas have had a lasting impact on the field of management, influencing modern organizational structures and processes.