Scientific advisor – Senior teacher Hvan A.V.
Poltava University of Economics and Trade
Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Because organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. There are 6 management approaches, such as:
The classical approach
The human resource approach
The quantitative approach
The process approach
The contingency approach
The system approach
1. Frederick Taylor and Henri Fayol were both theorists of the classical management movement. The classical approach was the framework to what management is all about. Therefore it can be said that they laid the foundation for many theorists. Frederick Taylor was an important theorist of the early 20th century and he made many important contributions to management. He proposed the principles of scientific management which he believed would improve industrial efficiency. He believed management could be formulated as a discipline. Taylor’s principles of scientific management focused on cooperation between management and the workers as well as improving the technical skills of the workers. His approach is often referred to scientific management, Taylorism or Taylor’s principles. Fayol’s suggested that there were five main roles of managers, these being planning, organising, commanding, coordinating and controlling. 2. The Human Resources Management...