Month: January 2022

It was formulated by Marx Weber, who was reacting to the abuses of power by those in managerial positions. He had interest in better management practices, and stressed that there is need for a strictly defined hierarchy of management, governed Read More …

It was formulated by H. Fayol, who said that managers who follow general principles of management and good management practices achieve the highest productivity. Principles of Management 1. Principle of division of labour According to it, when division of labor Read More …

It was founded by Fredrick Taylor and it puts emphasis on scientific thinking where managers MUST give justification for decision making. The aim of the theory was to change the attitude of the employees and the managers towards one another Read More …

An approach is a school of thought where the members share in a common belief. CLASSICAL APPROACH (managing work and organization) It was the first attempt to study modern management when managers were seeking answers to the basic and practical Read More …

The word Art refers to the know how or ways of doing to accomplish the desired results. The focus is on the skill with which the activities are performed. The constant practice of the theoretical concept (knowledge base) contributes to Read More …

For any branch of knowledge to be considered a science, it should fulfill the following: Should have a systematic body of knowledge with its own principles (independent). The principles have to be evolved on the basis of constant inquiry and Read More …

1. The practice of management is as old as human civilization. 2. The progress of mankind over the centuries is attributed to the effective management of resources. 3. The irrigation systems, existence of public utilities, constructions of monuments e.g. Egyptian Read More …

1. Management is the process undertaken by one or more individuals to coordinate the activities of others to achieve results not achievable by one individual acting alone. 2. Management is a process of designing and maintaining an environment in which Read More …

Ethics may be defined as the branch of knowledge concerned with moral principles. It deals with the principles of right and wrong behavior and the goodness or badness of human character, the adherence to the code of behavior that is Read More …

Structural adjustment is a term used to describe the policy changes implemented by the International Monetary Fund (IMF) and the World Bank. Structural Adjustment Programs generally implement “free market” programs and policy. These programs include internal changes (notably privatization and Read More …