Lesson 2: Evolution of Management Theories

• Who is known as the Father of Modern Management?

  Henri Fayol.
• What is the significance of management theories?

  They recommend general rules for how to manage an organization or business.
• Who developed the Scientific Management Theory?


  Frederick Winslow Taylor.
• What does the Administrative Management Theory emphasize?


  Managers should utilize a specific set of values to get the most out of their workforce.
• How does the Systems Management Theory view businesses?


  Businesses are thought of as a human body where all elements must work harmoniously.
• What does the Contingency Management Theory suggest?


  A manager shouldn’t stick to just one management theory alone; they must be dynamic according to current market and workplace conditions.
• What are some tips about management theories?

  • Invest in employee training
  • Give employees power in making decisions
  • Delegate responsibilities
• Why is it important to study management theories?

  To increase productivity, simplify decision making, and encourage staff participation.