Business Management Theories

The contingency management theory-

The contingency management theory is a modern approach for managers to have a flexible adaptation to changing circumstances; a unique back up plan to suit different business situations. Through the contingency theory, businesses  are able to better asses and modify their management to specific organizational needs. 

The behavioral management theory-

The behavioral management theory created by Elton mayo stresses that employees should be the main focus of the way in which the business if organized. Advocates of this theory believe successful management largely depends on a managers ability to understand and work with staff members who have a variety of diverse ideas, hopes and expectations. This approach uses teamwork as a base structure recognizing that employees have socials needs in addition to economic needs. Although this theory allows employees to work together as a team, staff members may tend to be distracted from all the social opportunities or even slacken off and make others do the work to avoid Doing it themselves.

The classical scientific management theory -

The classical scientific management theory created by Frederick Taylor is a management approach where managers scientifically manage their business and employees with the most efficient and effective methods of working in order to reduce inefficiencies, improve production time and efficiency within the business. Advantages of this theory would include it being a fast and effective method of getting the job done however employees may lose their independence as they are working non stop on dull and repeptitive tasks.

This paper is written entirely by me using my own words and attained knowledge and understanding of the management theories.