Popular Management Theories Decoded

Source: http://www.business.com/management/popular-management-theories-decoded/

November 21, 2014 Posted By Business.com Editorial Staff

Popular Management Theories Decoded

Until the day computers are able to think, learn and feel emotions, humans will probably be the most complicated assets to manage. Error-free performance from a printer or fax machine but you can’t expect the same thing from a human. On the other hand, there are many things that machines just aren’t capable of, which makes human assets unexpendable. For this reason, proper management is vital to an organization’s success.

Theorists have long speculated on what type on management is best for humans in the professional setting. Their management theories, or collections of ideas that provide the framework for effective management strategy, are implemented in modern workplaces to motivate and bring the best out of employees. It’s commonplace for managers to use more than one theory in order to achieve productivity or organizational goals. It is important for managers to understand these different theories and know how to implement them.

In this infographic, we look at the basics of the six most popular management theories:

  1. Scientific Theory by Frederick W. Taylor
  2. Administrative Theory by Henri Fayol
  3. Bureaucratic Theory by Max Weber
  4. Human Relations Theory by Elton Mayo
  5. Systems Theory by Ludwig con Bertalanffy
  6. X&Y Theory by Douglas McGregor

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