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Pretty Bhalla, Lovely Professional University Unit 2: Development of Management Theories

Unit 2: Development of Management Theories Notes

CONTENTS
Objectives
Introduction
2.1 The Classical Management Theory
2.1.1 Assumptions of the Classical Theory
2.1.2 Two Streams of the Classical Theory
2.1.3 Key Characteristics of the Classical Theory

2.1.4 Principles of Organisations under the Classical Theory
2.1.5 Criticisms of the Classical Theory
2.2 Neoclassical Management Theory
2.2.1 Appraisal of Neoclassical Theory Contribution
2.2.2 Criticisms
2.2.3 Facts Discovered through Hawthorne Experiments
2.2.4 Systems Approach to an Organisation
2.3 Modern Management Theory
2.3.1 The Various Parts of the System

2.3.2 Nature of their Mutual Interdependency
2.3.3 Linking Processes
2.3.4 Goals of a System
2.3.5 Modern Organisational Theory: An Appraisal
2.4 Summary
2.5 Keywords
2.6 Self Assessment
2.7 Review Questions

2.8 Further Readings

Objectives

After studying this unit, you will be able to:
Discuss classical theories

State the neo-classical theories
Explain the modern theories

Introduction

Managers use various skills to deal with people in the workplace. In order to develop the skills
necessary to be a good manager, one should be aware of the traditional as well as modern

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