System Theory
System Theory
- Management: a
system of set of interrelated and interdependent parts arranged in a manner
that produces a unified whole
- Composed
of a number of subsystems and all the subsystems are related to each other
-
the systems and subsystems:
Contributions/Analysis:
*
Provides
a conceptual framework for a meaningful analysis of management and organization
* Guides
managers to lay down proper emphasis on the interdependence and interrelations
of various parts or elements of the organizations
* Exerts managers to analyze and
understand every element of a problem in relation with other elements
* Tries to integrate various management
theories by emphasizing the physical aspects, behavioral aspects and
environmental conditions
Decision Theory
Concept:
-
Emphasizes the managers must take rational decisions as a decision maker
- The success or failure of organization
depends upon his decisions and decision making ability
- Hiring new equipment, introducing new
product, creating organizational structure, setting objectives etc.
depends
upon his discretion resulting institutional success
- The essence of the concept:
* Management is a decision making
process
*
Members are decision makers and problem solvers
*
Organizational success is judged on the basis of quality of managerial decisions
*
Participative approach in decision making process
*
Proper information management system
Decision Making Process:
*
Problem definition
*
Alternatives identification
*
Alternatives evaluation
*
Selecting the best
*
Implementation
*
Evaluation of the result
Contribution:
- Helpful
in developing problem skills
- Helps to develop mathematical and
quantitative tools for decision making
- Emphasized the knowledge of economics in
decision making
- Information management
Limitation:
- Doesn’t
take the total view of management
- Narrow
and limited concept of management
- Ignores
the situational variables
- Ignorance
of human relation and behavioral science aspects
Management Full Notes:
Introduction To Management
PROCESS/FUNCTIONS OF MANAGEMENT
Managerial Roles/Skills in Management
Evolution of Management Thoughts
Principles of Scientific Management
14 principles of Evolution of Management
Human Relation and Behavioral Science Theory
Abraham Maslow: Need Hierarchy Theory
Difference Between Theory X & Y
Comparison Of Theory X and Theory Y
Two Factor theory by Frederick Hertzberg
Management Science Theory
Contingency Theory
Management Environment
PROCESS/FUNCTIONS OF MANAGEMENT
Managerial Roles/Skills in Management
Evolution of Management Thoughts
Principles of Scientific Management
14 principles of Evolution of Management
Human Relation and Behavioral Science Theory
Abraham Maslow: Need Hierarchy Theory
Difference Between Theory X & Y
Comparison Of Theory X and Theory Y
Two Factor theory by Frederick Hertzberg
Management Science Theory
Contingency Theory
Management Environment
Post a Comment