MANAGERIAL THEORIESEvolution of Management in the last eighteenth century has been evolving to avariety of contemporary management theory including the classical, behavioral,quantitative and new theories. Each theory is inclusive with a view on specific timeframes to meet the specific phenomenon and existing management needs.Classical Theories1. Scientific TheoryIdeas of early management by Frederick W. Taylor, Jill Perth and Ganttwas formed by the impact of natural methodology and it emphasizedrational thinking based on the scientific work to improve individualefficiency.2. Administrative TheoryThe administrative view proposed by Henri Fayol and Max Weberhighlighted the importance of operational effectiveness on the wholeorganization to develop a general theory explaining the good managementfeatures infrastructure.Behavioral Theories1. Hawthorne ExperimentThis study disclosed that Classical Theory is mainly focused on theorganization itself and employees with power driven perspectiveconcentrated on the point of view of human nature, importance ofindividual attitudes and behaviors, motivate employees in improvingproductivity. It suggests that employees will perform better when they feelnurtured.ORGMGMT | Qi Wi2. Interpersonal PerspectiveThis was proposed by Maslow and McGregor (X&Y theory) that provided abasic foundation of the behavioral view on human relations and wasfurther derived from the Hawthorne experimental results showing that theproductivity of employees is affected by the interaction and affectiveatmosphere of the management that leads to better performance.Quantitative TheoryQuantitative Theory originated during World War II. A theory that resultedto orderly thinking by defining and solving complex problem. The use ofquantitative measurement and computer modeling theory such asanalysis of complex business problems which gradually become a branchof the management science and operations management perspective.New Theories1. System TheoryThis emphasized that there is a gradual integration of a new theorythrough a system point of view and the contingency perspective whichsuccessfully meets the inconsistencies that sprouted in the Classical andBehavioral Theories.2. Contingency TheoryIn this perspective, industry focuses on how to adapt the environmentalchange and believes that there is no "universal approach" for themanagement to solve such circumstances since all of managementchallenges depend on varying conditions. It highlights that the currenttime would be always be appropriate condition for the management tohandle specific and managerial variations. If you will be a manager of your owncompany, which management theoriesthat were presented are you going toadapt to run your business effectively?Explain

Question

MANAGERIAL THEORIESEvolution of Management in the last eighteenth century has been evolving to avariety of contemporary management theory including the classical, behavioral,quantitative and new theories. Each theory is inclusive with a view on specific timeframes to meet the specific phenomenon and existing management needs.Classical Theories1. Scientific TheoryIdeas of early management by Frederick W. Taylor, Jill Perth and Ganttwas formed by the impact of natural methodology and it emphasizedrational thinking based on the scientific work to improve individualefficiency.2. Administrative TheoryThe administrative view proposed by Henri Fayol and Max Weberhighlighted the importance of operational effectiveness on the wholeorganization to develop a general theory explaining the good managementfeatures infrastructure.Behavioral Theories1. Hawthorne ExperimentThis study disclosed that Classical Theory is mainly focused on theorganization itself and employees with power driven perspectiveconcentrated on the point of view of human nature, importance ofindividual attitudes and behaviors, motivate employees in improvingproductivity. It suggests that employees will perform better when they feelnurtured.ORGMGMT | Qi Wi2. Interpersonal PerspectiveThis was proposed by Maslow and McGregor (X&Y theory) that provided abasic foundation of the behavioral view on human relations and wasfurther derived from the Hawthorne experimental results showing that theproductivity of employees is affected by the interaction and affectiveatmosphere of the management that leads to better performance.Quantitative TheoryQuantitative Theory originated during World War II. A theory that resultedto orderly thinking by defining and solving complex problem. The use ofquantitative measurement and computer modeling theory such asanalysis of complex business problems which gradually become a branchof the management science and operations management perspective.New Theories1. System TheoryThis emphasized that there is a gradual integration of a new theorythrough a system point of view and the contingency perspective whichsuccessfully meets the inconsistencies that sprouted in the Classical andBehavioral Theories.2. Contingency TheoryIn this perspective, industry focuses on how to adapt the environmentalchange and believes that there is no &#34;universal approach&#34; for themanagement to solve such circumstances since all of managementchallenges depend on varying conditions. It highlights that the currenttime would be always be appropriate condition for the management tohandle specific and managerial variations. If you will be a manager of your owncompany, which management theoriesthat were presented are you going toadapt to run your business effectively?Explain

Accepted Answer

MANAGEMENT: Management is the process of planning, organizing, staffing, directing, and controlling,…

If you will be a manager of your own company, which management theories that were presented are you going to adapt to run your business effectively? Explain