The classical management approach is the theory of management that focuses on the productivity, output and efficiency of workers, rather than the differences in behavior that exist among them. This approach merges bureaucratic, administrative and scientific theories of management.Continue Reading
According to the Workforce Magazine, the classical management approach seeks to maximize the benefits of consumers and investors in consistent and fair levels. The classical management approach is advantageous because it is based on a hierarchical organization structure, which defines the responsibilities and objectives of managers within each level of management. Additionally, the classical management approach proposes the division of labor, which increases employee performance and reduces expenses.
The Houston Chronicle adds that the classical management approach is effective because it leads to efficiency in decision making. One critic states, however, that the classical management approach is disadvantageous because it reduces employee motivation, growth and creativity and discourages teamwork. It also ignores the needs and desires of workers, and therefore is not suitable for modern organizations, which are diverse.
The classical management theory was proposed during the Industrial Revolution, based on the works of Henri Fayol, Max Weber and Fredrick Taylor. The neoclassical organizational theory was proposed to overcome the challenges of the classical management approach.Learn more about Managing a Business
Features of the GanttProject productivity and project management app include the ability to create custom workflow and project requirement charts, assign projects and resources to members of a company or organization, and create custom formatting to distinguish between chart elements. It's also possible to collaborate with other users over an Internet connection or export the chart as an image, PDF or spreadsheet, as of 2015.Full Answer >
Effective management is important to an organization because it involves planning and goal setting, along with motivation of workers in order to execute the plans. Effective management creates a direction for the organization and communicates the vision internally and externally.Full Answer >
Management philosophy is the philosophy adopted by a company's executives outlining how they believe a business should be directed, particularly with regard to the treatment of fellow workers and employees. As such, management philosophy is less concerned with the day-to-day mechanics of running a business. Instead, a quality management philosophy helps develop relationships based on ideal interpersonal practices.Full Answer >
Risk management is an approach in which an organization explores identifies, analyzes and mitigates the risks that can affect a project, according to project-management.com. The purpose of risk management is to protect the project from financial, social, cultural, environmental and other related risks.Full Answer >