Decision theory approach in management


Important Management Movements:

Administrative and Scientific Management Movement

The Behavioral Management Movement

The Contemporary Movement

The Entrepreneurial Movement

Administrative and Scientific Management Movement(1850-1945)

• It did not focus on improving employee working conditions. Unions emerged during this period.

– Contributions

– increasing efficiency and effectiveness in the way work designed and accomplished

– giving management, rather than workers, control over planning and coordinating work

– instituting pay structures and incentive systems

– ensuring mandatory employee obedience and company loyalty (I.e., the interest of the employees or work groups should not supersede the organization’s objectives)

– motivating employees primarily through monetary rewards

– creating division of work and job specialization(I.e., breaking jobs down to small units of work

Behavioral Management Movement(1930s to mid-1970s)

• The behavioral management movement focused on the employee as well as on management.

• Major Contributions

• Improving the management of human resources in the areas of employee selection, employee counseling, employee compensation, and incentives, work group behavior, organizational communication, human relations, employee job satisfaction and productivity, working conditions, employee morale, job enrichment and managerial leadership.

• Management should make employees feel important.

• Human resource theory, total quality management(TQM), contingency theory emerged during this period.

Contemporary Management Movement (1970s-1990s)

• Contemporary movement focuses on developing theories that shapers of the administrative and scientific and behavioral management movements either excluded, only lightly touched on, or were not aware of when developing their concepts.

• The contemporary management movement based on contributions of systems theory, decision theory, human resource theory, contingency theory, total quality management, and open book management.

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What principles are included in the Theory Z approach to business management

Seek to establish a long-term employment culture within the organization. Use collective decision making as much as possible. Increase and reinforce the importance of individual responsibility

What is the speciality of interpersonal behavior approach in theories of management?

I think you are talking about Organizational Behavior Management.
An OBM psychologist can become involved in improving/maintaining any aspect of individual or organizational performance. In general, the areas include training, performance, management, (which may include improving performance quantity, quality, customer satisfaction, and/or safety), and systems analysis (increasing the efficiency of the way in which work gets done in the organization, altering what individuals do in their jobs, developing measurement systems for various units in the organization, and assisting organiza…