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Management Principles and Theories
1. Absorptive Capacity Theory This theory pertains to the ability of the organization to absorb and acknowledge the importance of new information and updates that will help improve the efficiency of each member of the organization. An organization that can adapt to changes, learn new knowledge and is able to incorporate these to every member of the organization yields better results rather than an organization that does not value new knowledge and remains ignorant of the changes happening in the society. *Source: Management & Organization Theory: A Jossey-Bass Reader
2. Principle of Muscle Theory Inspired by how the human body functions and works in one motion, the principle talks about continuous development and good upkeep of the different parts of the organization. Managers should be able to maintain good circulation of work and output throughout the organization to achieve a ‘muscular and athletic’ organization. *Source: Kazuo Inamori’s Pragmatic Studies: Management and Accounting
3. Esprit De’ Corps Henri Fayol’s (1841 – 1925) passion towards management has led him to propose 14 Principles of Management. One of these principles tackles about the harmony and team spirit of the entire organization. Everyone is inspired and is given the chance to work harder and better which helps result into an effective team. Efficient members are rewarded for their hard work, while those who still lack the motivation are given a chance to improve their performance. *Source: http://www.managementstudyguide.com/management_principles.htm
4. Participative Management Mary Parker Follett emphasized the importance of collective decision making in which managers should have authority with, instead of over, employees. Managers should be able to listen, consider and evaluate employee’s suggestions to help achieve a productive outcome. *Source: Leadership Roles and Management
1. Absorptive Capacity Theory This theory pertains to the ability of the organization to absorb and acknowledge the importance of new information and updates that will help improve the efficiency of each member of the organization. An organization that can adapt to changes, learn new knowledge and is able to incorporate these to every member of the organization yields better results rather than an organization that does not value new knowledge and remains ignorant of the changes happening in the society. *Source: Management & Organization Theory: A Jossey-Bass Reader
2. Principle of Muscle Theory Inspired by how the human body functions and works in one motion, the principle talks about continuous development and good upkeep of the different parts of the organization. Managers should be able to maintain good circulation of work and output throughout the organization to achieve a ‘muscular and athletic’ organization. *Source: Kazuo Inamori’s Pragmatic Studies: Management and Accounting
3. Esprit De’ Corps Henri Fayol’s (1841 – 1925) passion towards management has led him to propose 14 Principles of Management. One of these principles tackles about the harmony and team spirit of the entire organization. Everyone is inspired and is given the chance to work harder and better which helps result into an effective team. Efficient members are rewarded for their hard work, while those who still lack the motivation are given a chance to improve their performance. *Source: http://www.managementstudyguide.com/management_principles.htm
4. Participative Management Mary Parker Follett emphasized the importance of collective decision making in which managers should have authority with, instead of over, employees. Managers should be able to listen, consider and evaluate employee’s suggestions to help achieve a productive outcome. *Source: Leadership Roles and Management