MANAGEMENT THEORY

REPORTED BY: GROUP 1

MANAGEMENT THEORY

• Is a collection of ideas which set forth general rules on how to manage a business or organization. Management theory addresses how managers and supervisors relate to their organizations in the knowledge of its goals, the implementation of effective means to get the goals accomplished and how to motivate employees to perform to the highest standard.

• is a set of ideas and rules for helping supervisors/managers:

• to know the goals of the organization;• to plan work required to achieve the goals

of the organization in the most efficient and effective way possible; and

• to understand what motivates people to work when achieving the goals of the organization.

What is the Importance of Management Theory

• It is important because it is the study of how to make all the people in your organization more productive.

There are many benefits to knowing management theory.

• First of all management theory doesn't just teach someone how inspire employees to be more productive, it also shows managers how to be good bosses.

• It is key for them to know how to deal with issues that may exist in the workplace.

• Managers have to efficiently deal with these issues and simultaneously maintain a stable or improving level of productivity.

• With management, you have to balance a multitude of tasks daily and being familiar with management theory can help greatly.

Management

• in business and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. . Management comprises planning, organizing, staffing, leading or directing, and controlling an organization to accomplish the goal.

• Management is also an academic discipline, a social science whose objective is to study social organization.

•Fredmund Malik