Management Theories Essay

spell Smiths The Wealth of Nations discusses the optimal organization of a pin factory this becomes the most far-famed and influential statement of the economic rationale of the factory system and the division of labor.Major works of whirl SmithThe Theory of Moral Sentiments (1759)An Inquiry Into the Nature and Causes of the Wealth of Nations (1776) Essays on Philosophical Subjects ( produce posthumously 1795)Lectures on Jurisprudence (published posthumously 1776)Lectures on Rhetoric and Belles LettresFrederick W. Taylor sometimes called the father of scientific management. He was one(a) of the dexterous leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era. The Principles of Scientific Management, published in 1911. His approach is also often referred to, as Taylors Principles, or frequently disparagingly, as Taylorism. Taylors scientific management consisted of four principles 1.Replace rule-of-thumb work methods wi th methods based on a scientific study of the tasks.2.Scientifically select, train, and pay off each employee rather than passively leaving them to train themselves. 3.Provide Detailed instruction and supervision of each histrion in the performance of that workers discrete task (Montgomery 1997 250). 4.Divide work nearly equally among managers and workers, so that the managers apply scientific management principles to planning the work and the workers actually perform the tasks Taylors parcel to organisational theoryThis required an organization theory similar for all practical purposes to that advocated by those organizational theorists who followed. These theorists developed principles of management, which included much of Taylors philosophy His framework for organization wasclear delineation of powerresponsibilityseparation of planning from operationsincentive schemes for workersmanagement by exceptiontask peculiarityMax WeberBureaucratic ManagementMax Weber is best known a s one of the leading scholars and founders of modern sociology, but Weber also accomplished much economic work in the style of the youngest German Historical School. Eliminate the human intervention during the business process. Webers bureaucratic management consisted of 6 principles1-Roles and regulation should be written.2-Impersonality treatment.3-Division of labor.4-Hierarchical structure.5- Authority structure.6-Rationality.Henri FayolHenri Fayol was one of the most influential contributors to modern concepts of management, having proposed that there are five primary functions of management(1) Planning,(2) Organizing,(3) Commanding,(4) Coordinating, and(5) Controlling