Theories Of Management: The Industrial Revolution And The Classical Perspective

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Management is one of the most important aspects of a business and is a major contributor to both the success and failure of a company. Managers are responsible for problem solving and creating plans to help the business succeed. In the book, Understanding Management, management is defined as “the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources” (Daft & Marcic, 2015). To be successful, managers are always searching for innovative techniques and methods to meet the company’s needs. One way for managers to interpret and react to opportunities and problems is by looking at the history of management. The idea of management has been around for centuries, but the formal study of management that is recognized today started to appear through the nineteenth and early twentieth century. In this paper, we will look at the history of management and how it has evolved in the workplace since the Industrial Revolution. This paper also looks at the five major theories of management thought (classical perspective, scientific management, bureaucratic organizations, administrative principles, and humanistic perspective) and how they are related and build upon each other. Finally, in this paper, we will look at the most important theory of management thought to FedEx Corporation.
Industrial Revolution and the Classical Perspective
The Industrial Revolution was an important time period for the
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