4 types of management theories

Understanding organizations comes from understanding management theory 

The management style a manager adopts can significantly impact team motivation. Theory of Leadership suggests that employees need incentives to work, while certain advocates for a collaborative, trust-based relationship between employees and managers. However, management syles are applied in large corporations with large workforces. The concept emphasized money as the key incentive for working, leading to the modern concept of teamwork.

Basis of organizations: 

• Bureaucratic theory,

• Scientific management theory

•  Behavioral management theory

•  Human relations theory.

Management theories are recommended strategies and frameworks for modern organizations, incorporating various concepts from different theories to suit the workforce and company culture.

Frederick Taylor, an American mechanical engineer, pioneered the scientific management theory, emphasizing the importance of simplifying tasks to increase productivity. He developed the "fair day's wages for a fair day's work" concept, which has since been applied worldwide, leading to the evolution of teamwork and collaboration between employees and employers. (Team, 2024)

Management theories have been instrumental in simplifying decision-making, encouraging staff participation, and improving productivity. 

References

Team, C. (2024, March 16). Concepts surrounding recommended management strategies. Retrieved from Scientific Management Theory: https://corporatefinanceinstitute.com/resources/management/management-theories/