(3) Job Analysis – Work management has been suggested by Taylor. So find out the “best” depends upon the wisdom of the manager. Management policies and procedures should respond to environment. This is a biography of Frederick Winslow Taylor, the father of "scientific management" and perhaps the best known founder of modern management theory. Understanding the management theories is the only way to find out which theory is suitable and beneficial in … Theory X and Y that addresses management strategies for motivating the employees is also implemented to increase the productivity of the worker. There is no best way of doing anything. The best is one that is according to situation. Ultimately, according to Contingency Management Theory, there is no one best way to do things. It is a kind of “if” “then” approach. Read 10 reviews from the world's largest community for readers. According to this approach no single idea/ concept can yield the one best way of administration. 1: Principles of Scientific Management – F.W. Nowadays we have new implementing plans for management. He advocated the analysis of work job with reference to: (a) Time Study – Every work/job requires standard time to … One needs to adapt himself to the circumstances. 9) Modern Management . Taylor’s One Best Way 2: General and Industrial Management – H. Fayol’s Theory of Administration 3: Theory of … Management is entirely situational. The notion of one best way is neatly captured in this quotation: Asking who should be the leader,” Henry Ford once said, “is like asking who should sing tenor in the quartet. There is one best way of doing a job which requires least movements, consequently less time and cost. Notes that although these prescriptions may vary significantly, they all tend to argue that their way is the “one best way” for all organizations. The classical management theory focuses on finding the “one best way” to accomplish and manage task (p.37,2008. The different theories of management are: classical, behavioral, quantitative and quality management theory, systematic and contingency management theory. The way a business chooses to organize will depend on the environment in which they operate. States that the ability to manage change is now recognized as a core organizational competence, and this is reflected in the large number of books and articles devoted to prescribing how success in this area can be achieved. It is a practically suited. Determining the one best way to do the job was the first and most important tenet. The One Best Way book. Pay per piece in order to avoid leakages and wastages. Selecting first-class men or an A team to do the job. Approaches to Management – Developed by Scholars and Practitioners on Management Though the theories developed by scholars and practitioners on management are aimed at finding the best way of doing things; the management theory and science does not advocate ‘one’ best way … The man with the tenor voice, of course!” Some of the more recent theories about leadership could also be argued to incorporate some of the ideas from trait theory. Modern Management Theory developed as a direct response to Classical Management Theory. Outlining the basic duties of the management Contingency Approach of Management. Different ideas or concepts help in different situations. Managers should understand that there is no best way of managing. This approach no single idea/ concept can yield the one best way to find the. 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