MGMT9710 Business Management and Organizational Behaviour

Classical Management Theory, it’s Fathers, and it’s relevance Today:

a. Designed solely to streamline operations, increase productivity and enhance the bottom line, this management theory arose in the late 19th century and gained prominence through the first half of the 20th century. While not as widely subscribed to in modern times, the classical management theory offers some principles that remain valid 
2. Contingency Theories of Management: It’s about the PEOPLE! 
a. The contingency theory of leadership puts forth the idea that the success of a leader hinges on the specific situation at hand. Certain factors come into play that define whether a particular leader or leadership style will be effective for the given situation. Those factors include the task, the personality of the leader and the composition of the group that is meant to be led. Its basic 
assumption is that leadership – success or failure – is situational. 

3. Principles of Motivation: Theory X and Y. Are there only two types of people in the World?! 
a. Theory X says people don't like to work and will avoid it if they can. Because people don't like to work, they must be controlled, directed, or threatened to get them to make an effort. Theory Y says that people want to be self-directed and will try to accomplish goals that they believe in. 
4. Leadership Qualities of the Past, Present, and Future.  
a. Defining a leader and the qualities that demonstrate leadership have evolved over the past centuries. Researchers have explored leadership traits using various methodologies since the concept of the leader and leadership. Understanding the ideals of charismatic and transformational leadership that help identify great leaders requires a re-examination of the evolution of those leadership theories and principles.