Evolution And Development Of Contemporary Management Theory

2687 Words Sep 8th, 2014 11 Pages
Management revolutionized by the “man who invented management”, a writer, consultant, and professor. Known as the “godfather of management theory and practise” Peter F (Bloomberg L.P 2014), Drucker influenced many people with his management theory and business concepts. Professor Peter Drucker (1909 – 2005) was a leading academic researcher, author, and expert who had a prominent and significant influence on the evolution and development of contemporary management theory throughout the second half of the twentieth century (Bloomberg L.P 2014), (HBSP, 2014)

When it was originally published this now classic work by Drucker was rapidly accepted and adopted by academics, company executives, and management consultants into mainstream
…show more content…
An organisation has defined boundaries separating its composite self from its surrounding environment. Organisations are structured to cope with; Rates of change in the external environment, Magnitude of change in the external environment, Uncertainty (Volatility) about change in external environment. An organisation should be structures so that it can operate efficiently and effectively toward achieving its goals and objectives. Allows organisations to cope and interact with its environment (as most organisations are open systems).

Managing Organisations:
Management is the coordination of resources through Planning, Organising, Motivating (leading) and Controlling. These are the 4 major functions of management. The primary objective of management is to effectively and efficiently achieve the organisations goals and objectives. Figure 2: 4 Functions of Management (CSU, 2010)

Management
There are three levels of management. Top–level managers which are mainly senior executive levels, the most senior executive manager in the organisation is the CEO or MD. Middle Managers direct the activities of supervisory manager, and report to senior managers. Thirdly the Supervisory or Front line managers who directly supervise employees only, they don’t supervise other managers; they lead and supervise employees below. In terms of restructuring and delayering the middle sector is normally downsized. Managers
Open Document