Early Management Theories Relevant Modern World

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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION POSTGRADUATE PROGRAM HI 6005: Management and organization in a global environment

Title: Early Management Theories Relevant To Modern World

Word account: 3000

Group member: Zeeshan Ul Islam VSS30239 Raamesh Patel KAC3030 Hui Jia OSN3158
Due day: Week 12

1.Introduction (Raamesh Patel)
Management has acquired new dimensions in terms of education as well as training in the current scenario. It is a field in which every individual can have an immediate impact on any organization of which he is a part. This is an age old field but is very dynamic in nature. It is evolving with every moment.
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These came to be known as Fayol’s 14 principles of management. The principles throw light on how a manager should interact with the staff and organize the structure of the entire organization.
His theories based on the organization and management of labour were very influential in the 20th century.
At the same time as Fayol, a scientific management theorist was developing his school of scientific management and was studying how to maximise productivity by focusing on the work relationship and he believed that there was a science to work (Taylor, F. W. 2004). Unlike him, Fayol believed that an organization and its management were much more than just workers and work. He found the administrative school of management and then formulated the 14 Principles of management. Along with these 14 principles of management, Henri Fayol also came up with six primary functions of management which are: Forecasting;Planning;Organizing;Commanding;Coordinating;Controlling.These functions of management go hand in hand with the principles as developed by him.
2.The main theory
2.1 Fred Taylor Theory (Hui Jia)
Fred Taylor as the founder of the scientific management theory, which was primary theory in all modern manufacturing company or industry. His theory impact every process of manufacture in an organization, from production planning, production
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