INTRODUCTION: Increasing globalization and changing workplace environment have resulted in imposing additional pressures on the organization to come up with different management techniques and methods in order to survive in the competitive environment. More emphasis is being given to the human resource management, as human resources are being perceived as the most important asset of the organization…
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There are different approaches and perspective of management however management is about planning, organizing, leading and controlling to ensure that the organizational objectives are achieved. The task of managers is not only to ensure that organizational objectives are achieved, but it is the responsibility of the management to make sure that the motivation level of employees are high (Glueck , 1980). There is vast scholarly evidence suggesting that the theory of management came after the second World War.; and its basic in-depth study has begun ever since. But the concept in essence started after the Industrial revolution which brought upon mass production, specialization and seeing people a critical resource all paved way for management to viewed as a critical area of discourse. Principles of management are basic truths and the clarification between a dependent variable and an independent variable. Principles shall have a predictive or explanatory effect into it and it is much more deeply related to the dependent and independent variable as to whether these principles are applicable in given situation or not The rapidly changing environment along with different technological advancements, have been raising questions that the theories related to management are applicable in the current environment or not. Different researches and studies have been carried in this regard. In this report an attempt has been made in order to understand the different management theories and their implications in the changing workplace. IMPORTANCE OF MANAGEMENT: Managers are important for any modern organization i.e. plant managers look after machinery working properly, sales manager’s task is to build a effective sales team and formulate an effective sales strategy and a personnel manager’s job is to provide a enthusiastic, effective task, accomplishing and productive workforce (Rogg, Schmidt, Shull, & Schmitt, 2001). Managers are responsible in the organization to ensure that all the tasks are accomplished within the deadline and to complete the tasks in the most appropriate manner, they assign the tasks and manage people with the intention that the organizational objectives are accomplished properly. If the organization wants to complete all the tasks then it is important for the management to make the most of every individual and every individual must work in harmony with other and work as a team rather than collection of individuals. The main aim of every individual should be to achieve the organizational goal and contribute as much to the organizational objectives as they could. The management needs to encourage and support individuals so that they give their best which would in turn help the organization to achieve organizational goals (Kramar, Mcgrew, & Schuler, 1997). Management is an important functions of everyone’s life, whether it is about professional life or casual routine life, everyone has to manage his work, activities, resources, health, lifestyle, family, interests etc. Because no one’s has never ending wherewithal, therefore, one has to manage his limited resources effectively to attain his desired goals efficiently. Professionally, learning management is important because time, finance, employees, machinery and systems etc, are all crucial to organization’s success, a firm may not accomplish its targets unless it does not devise a
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