Global Theory of Management
Today, at that spot are many schools of management. There are too many management experts. Each schoolhouse together with each skillful gives their ain theory virtually management. They tell that their theory is right, together with the theories of the other experts are wrong. There are hence many management theories. We cannot say, which 1 correct and, which 1 is wrong. This has caused a lot of confusion inward the champaign of management.
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Harold Koontz named this confusion every bit "The Management Theory Jungle." He has too termed it every bit a Jungle Warfare.
Harold Koontz warned all management experts to halt this jungle warfare because of its destructive nature. He asked them to take all these confusions. This is because if confusion exists, together with hence management volition non accept universal application. So immediately all the management theories / thoughts / schools / experts are converging. That is, they are meeting at a same point. All the experts are agreeing amongst each other.
This unification or convergence of the management thoughts, immediately existence adopted globally, is called every bit the "Global Theory of Management."
1. The empirical approach
Now-a-days most writers purify the basics. That is, they brand the basic concepts of management real unproblematic together with clear. So, the trainee managers tin empathise the basics real easily. Secondly, whenever at that spot is a problem, most experts kickoff endeavor to honor out the beginning crusade of the problem.
2. System thinking
Most experts concord that the arrangement is a unified, purposeful scheme which consists of many dissimilar parts. The arrangement is a business office of the sum environment.
3. Situational together with contingency approach
Most experts believe that nosotros cannot accept universal styles of management, which tin hold upwards used inward all situations.
A managing director must kickoff written report the province of affairs real carefully together with hence he must job a agency of management, which is suitable for that situation.
4. Motivation together with leadership theory
Most experts experience that the theories of motivation together with leadership must hold upwards combined. They back upwards the Follower Theory of leadership.
According to the follower theory, people volition follow those leaders who volition aid them to satisfy their wants. So, a leader volition hold upwards successful alone if he tin satisfy the wants of his followers. Now-a-days leaders must combine both fiscal together with non-financial motivation plans.
5. Impact of technology
All experts concord that engineering scientific discipline has a big influence on management. Management has to alter according to the changes inward technology. Technology has a straight lawsuit on the organisational structure, works life location, works life layout, production pattern together with role of manpower. As the engineering scientific discipline changes, these factors volition too change.
6. Merger of theory together with practice
Most experts concord that the best agency to learn management is to combine theory (fundamentals) together with do (case studies). Management trainees all over the earth read the same management books. They too read the same example studies. They are given the same type of training. They too beak to other managers all over the earth using advanced communication technology. Today, all multi-national corporations (MNCs) job the same management techniques. This justifies the emergence of Global Theory of Management.
7. Unified evolution together with behaviour
Most experts experience that Organisation Development together with Organisation Behaviour are both moving towards the same direction. So, the experts are making uniform (same) theories for arrangement evolution together with behaviour. These theories are used for managing MNCs all over the world.
8. Research supports the management process
Research all over the world, constitute that the management process (planning, organising, directing, controlling) is the best agency to deal an organisation. So, organisations all over the earth are using the management process.
9. Common important for management terms
About twenty-five years ago, dissimilar management experts gave dissimilar meanings for the same management terms. However, immediately this province of affairs has stopped. Today, management price accept same important inward all books.
