I have found that most people at work are motivated primarily by money. This is a narrow statement. A stronger statement could be; Happy workers are more productive than unhappy workers. This is a broad statement. A stronger statement could be; According to Maslow people who satisfy their important needs at work will achieve a higher level of productivity. Many motivation theories taught in business schools such as Maslow's hierarchy of needs and self-efficacy theory are culturally biased. This is a strong statement. The topic is clearly defined, there is a strong link to theory and an obvious definite argument.
A successful company is one that regards its human capital as its most important asset. With that said, the effective management of that human capital is a crucial factor in the success or failure of an organisation. The Oxford Dictionary defines a manager as, a person responsible for controlling or administering an organisation or group of staff. This essay will address the question, “Do the principles of Classical Approaches to Management still generally hold true or are these traditional ideas just constraining for contemporary firms?” It will explain each of the three classical approaches to management, Taylor’s Scientific Management theory, Fayol’s Administrative Principles, and Weber’s Bureaucratic Organisation style and how specific ideologies of each of these theories can form the basis of a strong modern management approach. This essay will also examine why one single approach to management is no longer effective as a management style, and why it is necessary to combine elements from each of the three classical management approaches to successfully operate in a modern organisation where globalisation and technology are changing the way that workplaces are managed. Contingency thinking as a modern management approach follows the idea of applying different elements of the classical management styles to understand and respond to different...
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