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ABSTRACT
Organizational Management is an important perspective to be investigated for growth of an organization and its shareholders. Historically, many theories have investigated organizational management and how it contributes to its players. . The current review on management theories discuss about the contemporary to neoclassical to modern theories illustrating the examples from all the periods and their relevant theories. Further, those research works by legends who have contributed to the management theories were discussed and their innovative ideas are highlighted in this paper.
Keywords: Organizational management, management theories, Neo-classical management theory, Modern Management theory.
Introduction:
Today's professionals should understand the importance of historical approaches in management in order to think and analyze the trends. The current scenarios can be handled easily if one understands the historical perspective of managing the environment. . If a person understands the business and management theories, it is obvious that they can do business in a defined and structured manner since their strategies will be very clear and conceptually correct. Management is a science that dates back to centuries. In order to meet the expectations set on a daily basis and satisfy the ongoing demands from the public, a "guideline' is required in this critical time for a quality and increased productivity towards achieving success. This guideline is common and can be applied in both the governmental and non-governmental organizations where they differ in terms of motivation from the management. Throughout the history, many have contributed through their experiences and research to the management theories. The concept of management still grows by developing new strategies and continue to do so till the world rotates.
Early thinking about Management:
Management is one such concept that existed from 2900 BC in Egypt itself in managing the workplace to build Pyramids. Centuries after, management is considered as a field which shape or restructure the organizations through which the people's work can be made efficient and effective.
Classification of managerial theories:
Koontz (1961) classified the management theories under six different groups which are as follows.
· The management process school of thought
· The empirical school of thought
· The human behavioral school of thought
· The social systems school of thought
· The decision theory school of thought
· The mathematical...