In his book Principles of Scientific Management, Taylor gave the following principles such as – The development of a true science of work. The scientific selection and progressive development of the workman. Equal division of work between management and workers. Mutual collaboration of the workers and management
Fayol developed the first complete theory of management and is considered as the founder of the management process school. He looked at management as a universal set of principles applicable to any kind of functional and organizational setting.
The modern workplace is facing numerous social challenges, from diversity and inclusion to mental health and technological advancements. As companies strive to create a productive, inclusive, and sustainable workplace, they must address these challenges head-on. Massie has identified 8 key social issues that are particularly relevant for management, and addressing these issues requires a proactive approach.
Functional foremanship refers to a management style where individuals in a organization are responsible for the specific functions they perform, and the manager is responsible for overseeing the overall performance of the group. The functional foreman is responsible for organizing, directing and controlling the work of his team.
Effective management requires a combination of theoretical knowledge and practical skills, including leadership, decision-making, problem-solving, communication, and time management.
Theories of Management can be grouped into five main categories: classical management theories, behavioral management theories, systems theory, contingency theory, and Modern Management Theories. Each theory has its own unique perspective on how to best manage an organization.