Present DayManagement Theories Managementbasically refers to the set of activities such as decision making,organization, planning and leading with the objective of accomplishing the setgoals of an organization in a manner that is effective as well as efficient.Over time, there have been theories that explain management as a practice andthis paper seeks to provide insight into modern day theories of management.These are a set of ideologies, which provide general rules as to how businessesand organizations can be managed (Ssali, 2016). Contemporarymanagement theories however vary with traditional ones in that they have atendency to account for as well as make interpretation of the fast changingstate of the organizational environment that exist today.Contingency Theory Contingencytheory is one of the present day management theories that are being adoptedtoday. It has the assertion that once a manager makes a certain decision, theyhave to take into account all the conditions surrounding the present situationof their organization in terms of both internally and externally (Donaldson, 2005).They then act on the specific conditions that are important to the prevailingsituation that is at hand.
This is generally a strategy that states “Itdepends”. It addresses vital contingencies for organizations which includetechnology, government, distributors and suppliers, customers and distributors,and unions.Chaos Theory Chaostheory is also another example of present day management theories. Despite therandom and chaotic nature of the events that occur today, they are reflectiveof what happens in organizations as well. This is in contrary to the fact thatmanagers have for the longest time operated on the notion that organizationalevents should always proceed in a control manner. This rather new theory positsthat events are in fact seldom controlled as opposed to what managers seek toattain.
Supporters of this theory draw conclusions from biological systems in abid to explain what it actually entails and means (Davies, 2003). They suggest thatas systems naturally become more intricate, they are bound to be even moresusceptible or prone to cataclysmic scenarios and therefore they have toutilize more energy to sustain this intricacy. Using more energy consequentlyrequires that they get more structure in order to retain their stability. Thisprocess continues to a point when the particular system raptures, integrateswith another intricate system or even completely shatters.Systems Theory Systemstheory is credited for the elaborate impact it has had on the science ofmanagement and getting a better understanding of organizations.
A system is aset of parts that are unified to achieve a similar goal. With one part of thesystem removed, the entire process is altered. A system therefore has input,output, processes and outcomes. These four aspects are the basis upon whichsystems give feedback (Langton, 2005). In the perspectiveof an organization, the first aspect which is input can be likened to resourceslike manpower, funds, technology or raw materials. These then go through thesecond aspect, a process, in which they are organized, controlled and agitateduntil they achieve the goals of the organization. Output can be in terms ofthings like productivity.
The feedback comes from the information obtained fromcustomers about the products or from a department such as the HR which handlesthe customers. Societal impact, government intervention and technology alsoconstitute feedback that may be derived from the broader environment (Sheldrake, 2002).This entire system model is connotative of any system that makes up anorganization. Team Building Theory Teambuilding theory of management is based on the concept using a team to getthings done more efficiently. It focuses on how powerful it is to make aconnection in a group of people who are working for the same ultimate goal. Ithowever does not dispute the possibility of how daunting a task this can begiven the magnitude of such an objective as well as the challenges of handlinga number of people who react differently based on factors such as theirpersonality, desire to achieve the set goals and ability to work with others.The theory is an organized manner of understanding various processes,situations and behaviors. It is not a single theory but rather a calumniationof several sub-theories that are centered on teamwork as their area of focus.
They include Bruce Tuckman’s model of team stages, hierarchy of needs theory,Leadership theory by John Adair, Theory of team roles by Belbin, Color theoryby Carl Jung and X and Y theory by Douglas McGregor (Ssali, 2016). These are not theonly theories on teamwork that fall under the broader category of team buildingtheory of management but rather a select sample. Technically speaking, anytheory that talks on team building warrants to be categorized under thistheory.
Analysis andApplication Theeffects of these theories on today’s companies and business decisions is a lot.They impact the management of companies and organizations by making otherprofessionals such as writers and consultants assist managers in looking at theorganizations they run from a wider perspective. Such new perspectives helpmanagers in interpreting events and patterns that occur in these organizations (Langton, 2005).The managers are able to recognize the components of their businesses and howthey interact. Prior to the existence of these theories, managers tended tolook at just one component and focus on it leaving all the others unattendedhence they underperformed. This is especially the importance of the systemstheory. Thetheories also act as complements to management practices. Business ownerstherefore are able to mix what they practice with what is recommended by thesetheories to come up with business models.
This is the product of two componentswhich result in a well-structured model. For instance, the owner of a businesswill usually study and adopt strategies of management because flexibility isessential in sustaining such a business model, which as aforementioned is theproduct of the practice and the theories (Ssali, 2016). Moving on, theowner will need to include some of the components of management theory becausethe business will be growing. This is done in order to formalize decisionmaking in the business in the long run and the leadership qualities of thebusiness management.
This is how management theories can influence bothcompanies and business decisions simultaneously. This is not to imply that thetwo have to happen together but rather, the theories can impact either or evenboth as indicated in this unique case. Ona more specific front, these theories help in achieving overall efficiency withregard to management. Taking the team building theory of management forinstance, managers are supposed to understand that good practices in managingeither as a result of their own personal research or from education crates abusiness model that is capable of increasing the productivity of theiremployees. It can even reduce the rate of employee turnover or rather improveretention rates.
Such knowledge can be obtained from team building theory ofmanagement since it highlights the best ways to create a team that is effectiveand will not find a reason to want to leave a give business or organization (Langton, 2005).This affects the decisions that such a manager would make relative to his/herbusiness.Conclusion Managementtheories have continued to prove that they are beneficial to organizations andbusinesses in present day. They are a guide to the individuals tasked with themandate of leading such entities as the managers.
More managers are turning tomanagement theories in a bid to succinctly understand what management fullyentails. In an era that is marked with aggressive competition in the businessworld, turning to such alternatives in order to capitalize on what they have tooffer is important. Theories on management are important and provide muchneeded guidance on how to manage businesses especially in this day and time.