Classical Management Theories in Contemporary Management

7639 Words Aug 29th, 2010 31 Pages
Journal of Management and Marketing Research

Infusing value: application of historical management concepts at a modern organization
Andrew H. Clem Nova Southeastern University Bahaudin G. Mujtaba Nova Southeastern University Abstract History and the relative global marketplace have always proven to large organizations that there will continue to be wavering economic waters to navigate as well as deal with constant changes in the business environment. Today’s economy is no different, and management strategies are continually tested to withstand the slow return to prosperity. Science Applications International Corporation (SAIC) has historically been able to weather these environmental business factors through insightful management
…show more content…
In fact, employee ownership has been described as that it “carries with it a sense of responsibility, a concern for the long-term welfare of the organization, and better human relations…” (Pohlman & Gardiner, 2000, p. 182) Jeff Gates, author of The Ownership Solution, places a strong argument on the positive side of employee ownership, almost placing a warning on companies that do not participate in this form

Classical Management Theories

of ownership. Mr. Gates states that “unless ownership in contemporary organizations is significantly broadened to include employees at every level in the organization (as opposed to ownership almost entirely by investors), corporations will become increasingly disconnected from the personal consciences of those who work inside them” (Pohlman & Gardiner, p. 45). However, employee ownership is no cure-all for organizations either. Gates goes on to explain that there is not much that employee ownership can do for companies to “insulate [them] from competition, technological change, or shifting markets” (Pohlman & Gardiner, p. 155). As SAIC continues forward, however, sustainability and longterm growth are still at the forefront of their management plans. Mr. Gates continues, suggesting that “companies embrace employee ownership as a component of their competitiveness strategy” (Pohlman & Gardiner, p. 155). This, in
Open Document