HomeBlogTheory of Management - What Is It?

Theory of Management - What Is It?

21 November 2022
A white ball is situated in the foreground of the image, in front of a row of uniformly-sized black balls. The white ball is a perfect sphere, with no visible blemishes or imperfections. It is illuminated from the left side, casting a soft shadow to its right. Behind the white ball is a row of black spheres, all with the same size and shape. The background is a dark grey, with a subtle gradient. The white ball stands out sharply against this backdrop. At the top of the image, there is a woman with long hair wearing a black jacket. In the middle of the image, there is a white letter 'O' on a black background. In the bottom-right corner of the image, there is another white letter on a grey background. Overall, this image captures a unique moment in time.

In business, many different aspects must be managed for a company to succeed. While some people may think that management is simply about telling other employees what to do, the management field is much more complex than that. In this blog post, we will explore the management theory and discuss some of the key concepts essential to understanding it.

We will also look at how the idea of management has evolved and examine some of the criticisms that have been leveled against it. By the end of this post, you should better understand the theory of management and why it is so essential for businesses.

What is the theory of management, and what are its key components?

The management theory is a body of ideas that helps explain how managers work. It has three major components: goal setting, planning, and coordinating. The view of management also has two subcomponents: control and decision-making. The goal-setting component helps managers identify what needs to be done to improve performance.

The planning component helps managers develop a plan of action to achieve goals. The coordinating part helps managers coordinate the activities of the workers. The control component helps managers monitor and evaluate the performance of the workers.

Finally, the decision-making component helps managers decide what actions to take to improve performance. Control and decision-making are essential subcomponents of the management theory because they help managers ensure that the goals are achieved and that the workers perform at their best.

How did the theory of management develop over time, and who were some key contributors?

The theory of management has evolved significantly over time, and several vital contributors have shaped its development. One of the earliest theorists was Henri Fayol. He proposed five critical functions of management: planning, organizing, staffing, leading, and controlling. He also suggested that managers should have a clear hierarchy to be effective.

Another early contributor was Frederick Taylor, who is often considered the father of scientific management. He argued that work should be structured in a way that maximized efficiency and productivity. Later theorists such as Elton Mayo and Chester Barnard would build on these ideas and develop new theories about human behavior and motivation in the workplace.

As the field of management has continued to evolve, so too has the approach upon which it is based. Theories about management are constantly being refined and expanded as our understanding of what it takes to manage people and resources continues to grow effectively.

What are some criticisms of the theory of management, and how might it be improved upon?

One of the most prominent criticisms of the theory of management is that it relies too heavily on formal rules and procedures. This can create an environment that is impersonal and inflexible, and it can stifle creativity and innovation.

Additionally, the theory has been accused of downplaying the importance of human factors, such as emotion and motivation. Another criticism is that the approach fails to address environmental factors, such as global economic conditions, adequately. Finally, some scholars have argued that the theory places too much emphasis on efficiency and productivity and needs to be more on other objectives, such as social responsibility.

While there is undoubtedly some validity to these criticisms, it is essential to remember that management is an evolving field, and new approaches are constantly being developed in response to these critiques. As such, it is likely to continue to evolikely live in order to address these concerns.

What are some future directions for the theory of management research and practice?

There is no one answer to this question, as the future of management research and practice will be shaped by a number of factors. However, some possible future directions for management theory include a greater focus on ethical leadership, sustainable workplace practices, and workplace diversity.

As the world becomes increasingly interconnected, there is also likely to be a greater emphasis on global perspective-taking in management research and practice. Additionally, as technology continues to evolve, there will likely be a need for management theory to keep pace in order to provide relevant guidance for managers.

Ultimately, the future of management research and practice will be determined by the changing needs of organizations and society.

The theory of management is a critical framework for understanding how organizations function and how to optimize their performance. While the idea has evolved over time, its key components remain central to our understanding of how businesses operate. Despite its criticisms, the theory of management provides an essential foundation for effective organizational practice. If you're interested in learning more about the idea of management, join our fundamentals of management course today.

behavioural theory of management contingency theory of management motivation theory of management administrative theory of management administration theory of management classical theory of management scientific theory of management
Yu Payne is an American professional who believes in personal growth. After studying The Art & Science of Transformational from Erickson College, she continuously seeks out new trainings to improve herself. She has been producing content for the IIENSTITU Blog since 2021. Her work has been featured on various platforms, including but not limited to: ThriveGlobal, TinyBuddha, and Addicted2Success. Yu aspires to help others reach their full potential and live their best lives.
Yu Payne

Yu Payne is an American professional who believes in personal growth. After studying The Art & Science of Transformational from Erickson College, she continuously seeks out new trainings to improve herself. She has been producing content for the IIENSTITU Blog since 2021. Her work has been featured on various platforms, including but not limited to: ThriveGlobal, TinyBuddha, and Addicted2Success. Yu aspires to help others reach their full potential and live their best lives.

Related Posts
Our team of experts is passionate about providing accurate and helpful information, and we're always updating our blog with new articles and videos. So if you're looking for reliable advice and informative content, be sure to check out our blog today.
A man is smiling for the camera, wearing a plaid shirt and glasses. His eyes are closed, and a broad smile stretches across his face. He stands in front of a building, with a statue of a woman holding a staff just to the side. In the background a white letter 'O' is visible, appearing twice in the frame to the left of the man. His pose is relaxed, with his arms by his sides and one leg slightly bent. The image is a close-up, capturing the man's face in detail and highlighting his genuine expression of joy.
Human Resources Management

Earn Your Certificate in Human Resources Management Online

16 November 2022
A group of people stand in a room, clapping their hands and smiling widely. The man in the center wears a black shirt and glasses, and has a beard. The woman to his left is wearing a dress with a patterned top. The man to the right is in a suit and tie. Behind them, two people are clapping enthusiastically. In the foreground, a close up of a person's legs can be seen. To the side, a board is in focus. Everyone is happy and excited, their faces filled with joy and appreciation.
Human Resources Management

How to Ace the Department of HR Management Interview

16 November 2022
This image shows a group of women standing with their arms crossed. The group consists of four people, one of whom is wearing a black jacket and white shirt with long hair. Another woman is wearing a suit and has her arms folded in front of her. In addition, there is a man in a suit standing in the background. In the foreground of the image, there is a white letter 'O' on a black background and a white letter on a brown surface. Additionally, there is another white letter on a grey background. All the people in the image have neutral expressions on their faces. The background of the image has an orange hue which creates a soft atmosphere.
Human Resources Management

10 Careers in Human Resources Management

04 November 2022
The image shows a person on a skateboard, wearing a suit and glasses. The person's feet are on the skateboard, the top of their head barely visible in the frame. In the background, there is a white letter on a black background in two locations. There is also a close-up of a shoe, a ballet slipper, and a wheel. The person is standing straight, balancing on the skateboard with both hands and feet. The skateboard is facing forward, gliding towards the viewer. The person's expression is focused and concentrated, as if ready to take on the challenge ahead of them. The background is blurred, with the focus on the skateboarder and the skateboard.
Human Resources Management

The Main Role of Human Resource Management

01 November 2022
A man with glasses wearing a tie is holding a folder filled with different papers and documents. He is smiling and his eyes are looking directly at the camera. In front of him, there is a blue background with a white letter O on it. Close up, there are paper clips and a tie in focus. He is wearing a white turtleneck and a black jacket, and he has long hair. The scene is brightly lit, and he is standing in the center of the frame.
Project Management

What Is An Exit Strategy In Project Management?

27 October 2022
Two people wearing formal attire stand side by side and shake hands in a close-up shot. The man on the left is wearing a light grey suit with a white shirt, a tie, and a pair of black leather shoes. His hand is gripping the other person's hand tightly. The man on the right is wearing a navy blue suit with a light blue shirt, a black tie, and a pair of brown leather shoes. His hand is clasped around the other person's in a firm handshake. Both individuals have a look of determination and seriousness on their faces. Their hands are slightly blurred in the background, suggesting a swift and vigorous motion.
Reputation Management

What is Image and Reputation Management?

20 November 2019
A group of people stand in front of a long table, the focus of their attention the man in the suit at the far end. He holds a plate of food in one hand, a glass of wine in the other. Next to him is a woman in a suit, her dark hair pulled back. In the foreground stands a woman in a white turtleneck with blonde hair, and behind her is a shelf with a white shelf. All of them are engaged in conversation and the man in the suit is gesturing with his plate and wine.
Time Management

Time Management Skills In Events

26 August 2022
A small brown dog wearing a pink sunglasses and a white bathrobe is standing in front of a white and grey wall. The dog's eyes are visible through the pink sunglasses, and its mouth is slightly open. Its ears are slightly raised and its fur is slightly ruffled. Behind the dog, a black background can be seen with a white letter O in the center. Above the dog, there is a white turtleneck shirt and black jacket on a hanger.
Stress Management

Stress Management Tips to Help You Relax

15 September 2022
A group of people sit around a large table, each with a laptop in front of them. One man wears a suit and glasses, looking intently at his laptop. A woman holds her hand up in the air, and a man next to her is waving his hand. In the background, a bright circle can be seen in the sky. In the foreground, a close up of another person's eyes is visible. Additionally, a green letter on a black background is present in the scene. The atmosphere is one of focus and concentration, as the participants work together on their laptops.
Human Resources Management

What's The Easiest Way To Learn Human Resources Management?

17 September 2022
A man and woman wearing safety vests stand and look at a tablet together. The man has glasses on and the woman has long black hair. In the background is a close-up of a wallet and a person holding a tablet. The man is looking down at something and there is a white letter on a brown surface. The man and woman are in a well lit area and are paying close attention to the tablet. The safety vests are reflective and brightly colored, making it easier for them to be seen. They appear to be focused on the task at hand and the tablet is held firmly in place.
Supply Chain Management

The Top Benefits Of Supply Chain Management Certification

10 October 2022
A large cargo ship is sailing on the water, with its white painted hull reflecting in the sun. The ship is surrounded by a calm, blue ocean with a few white tipped waves. A man wearing glasses is seen standing on the top deck of the ship. On the side of the ship, a large white letter 'O' is painted on a black background. The letter is surrounded by a white border and a black surface, providing a stark contrast that stands out against the bright sky and blue water. The letter seems to be a part of the ship's logo, and is a reminder of the journey the ship is taking.
Supply Chain Management

What Is Global Supply Chain Management?

10 October 2022
This is an image of a warehouse filled with blue barrels and barrels of various sizes. In the foreground, there are shelves filled with paint cans and other materials. In the middle of the picture, a woman is wearing a white turtleneck and black jacket. In the background, there is a white letter on a black background, a white letter O on a grey background, a white letter P on a black background, and a white letter on a grey background. There is also a woman with long black hair in the corner of the image. On the bottom right corner, there are buckets of paint in a plastic wrap. The warehouse is well-lit and spacious, with a lot of machinery and equipment scattered throughout.
Supply Chain Management

How to Optimize Your Supply Chain Management Process

22 August 2022