All management theories are based on the same fundamentals. Managers are responsible for
managing procedures, people, information, and other responsibilities as needed. A manager
could need to motivate his or her subordinates or figure out how to improve operational
processes. Management theories provide frameworks for handling those obligations
successfully. Managers must be accountable for their teams progress toward organizational
objectives. Reducing human error or standardizing processes are examples of business aims.
Management theories assist managers in clarifying these goals and providing guidance on how
to achieve them.
More human interests in the workplace arose as industries and organizations became more
complicated. People-oriented strategies began to be included in management philosophies.
Human behavior and meeting employees interpersonal needs become more important to
management. A manager who employs Behavioral Management Theory might encourage
teamwork by creating a collaborative environment.
Each management theory provides useful information about managerial needs. There is no one
model or theory that will work for all businesses. To achieve management success, many modern
firms employ a blend of ideas. As a result, newer organizational models with less rigid hierarchies
have emerged. Any business backbone is effective management. When selecting which theories
are best for a small business, various variables must be considered. Small firms are frequently
less hierarchical and must operate with fewer employees. It's critical to choose sustainable
management theories and practices, especially if your company's resources are limited.