Modern Management Theory:
It says that the management is a multidisciplinary system which uses knowledge from different fields of study to solve complex business problems.
There are two types of theory:-
i. Quantitative Theory
ii. System Theory
Quantitative Theory
It uses mathematical models,statistical,models,groups and simulation to solve complex business problem.
System Theory
According to this system theory the organisation is made up of several interconnected and interindependent path called subsystem.In order to manage the organisation in the best possible way all the sub system should be manage.
VARIOUS DEFINITION OF MANAGEMENT
I.PF DRUCKER: Define "management as an organ and organs can be describe and define only through their functiiii
II. RC DAVIS: Define management as "management is the function of executive leadership anywhere"
III.HENRY FAYOL: "To manage is to forecast and plan, to organise, to co-ordinate and to control"
IV. HAROLD KOONTZ: "Management is the art of getting thing done through formally organised group"
V. WHEELER: "Management is centered in the administrator or manager of the organisation who integrate man, material, and money into an effective operating limit."
VI. JN SCHBUZE: "Management is the force which guides and directs an organisation to achieve predetermined objective."
VII.KEITH AND GUBBELLINI: "Management is the force that integrate man and physical plant into an effective operating unit."
VIII. G.E MILWARD: "Management is the process and the agency through which the execution of policy is planned and supervised."
IX. ORDWAY TEAD: "Management is the process and agency which directs the operations of an organization to achieve established aim"
X. EFL BRECH: " Management is concerned with seeing that the job gets done, It task all centre on planning and guiding the operation that are going on in the organisation."
It says that the management is a multidisciplinary system which uses knowledge from different fields of study to solve complex business problems.
There are two types of theory:-
i. Quantitative Theory
ii. System Theory
Quantitative Theory
It uses mathematical models,statistical,models,groups and simulation to solve complex business problem.
System Theory
According to this system theory the organisation is made up of several interconnected and interindependent path called subsystem.In order to manage the organisation in the best possible way all the sub system should be manage.
VARIOUS DEFINITION OF MANAGEMENT
I.PF DRUCKER: Define "management as an organ and organs can be describe and define only through their functiiii
II. RC DAVIS: Define management as "management is the function of executive leadership anywhere"
III.HENRY FAYOL: "To manage is to forecast and plan, to organise, to co-ordinate and to control"
IV. HAROLD KOONTZ: "Management is the art of getting thing done through formally organised group"
V. WHEELER: "Management is centered in the administrator or manager of the organisation who integrate man, material, and money into an effective operating limit."
VI. JN SCHBUZE: "Management is the force which guides and directs an organisation to achieve predetermined objective."
VII.KEITH AND GUBBELLINI: "Management is the force that integrate man and physical plant into an effective operating unit."
VIII. G.E MILWARD: "Management is the process and the agency through which the execution of policy is planned and supervised."
IX. ORDWAY TEAD: "Management is the process and agency which directs the operations of an organization to achieve established aim"
X. EFL BRECH: " Management is concerned with seeing that the job gets done, It task all centre on planning and guiding the operation that are going on in the organisation."
It says that the management is a multidisciplinary system which uses knowledge from different fields of study to solve complex business problems.
There are two types of theory:-
i. Quantitative Theory
ii. System Theory
Quantitative Theory
It uses mathematical models,statistical,models,groups and simulation to solve complex business problem.
System Theory
According to this system theory the organisation is made up of several interconnected and interindependent path called subsystem.In order to manage the organisation in the best possible way all the sub system should be manage.
VARIOUS DEFINITION OF MANAGEMENT
I.PF DRUCKER: Define "management as an organ and organs can be describe and define only through their functiiii
II. RC DAVIS: Define management as "management is the function of executive leadership anywhere"
III.HENRY FAYOL: "To manage is to forecast and plan, to organise, to co-ordinate and to control"
IV. HAROLD KOONTZ: "Management is the art of getting thing done through formally organised group"
V. WHEELER: "Management is centered in the administrator or manager of the organisation who integrate man, material, and money into an effective operating limit."
VI. JN SCHBUZE: "Management is the force which guides and directs an organisation to achieve predetermined objective."
VII.KEITH AND GUBBELLINI: "Management is the force that integrate man and physical plant into an effective operating unit."
VIII. G.E MILWARD: "Management is the process and the agency through which the execution of policy is planned and supervised."
IX. ORDWAY TEAD: "Management is the process and agency which directs the operations of an organization to achieve established aim"
X. EFL BRECH: " Management is concerned with seeing that the job gets done, It task all centre on planning and guiding the operation that are going on in the organisation."
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