The Evolution Of Management Studies - 1116 Words

The evolution in management studies has grown significantly due to the appearance of the information technologies. In contrast, the classic management practices became less effective in many organisations. Historically, the industrial revolution generated most of the managerial principles. For instance, the financial department concern about the return on investment, while the marketing department focuses in the marginal profit and market shares. The strategic division pursue a competitive positioning and profitability, whereas the human resource department concern about the employees motivation, rewards and performance. It could be argue that management is the foundation of organization success by which means if the overall activities†¦show more content†¦In either context the needs for sound decisions are at the key determinant for an organisation’s strategic success. The uncertainties in today’s business environment undermine various reasons represented in the social complexities and market requirements. In that sense, firms are required to review their strategies frequently in order to ensure competitive positioning among rivals as well to leverage its products and services. Indeed, the uncertainty generates critical problems and the firm require finding solutions in line with the obstacles. At the extreme level, the evolution in scientific management provides wide range of models to solve problems and help manager to make quantitative decisions. For example, management sciences tools can be used in solving problems related to transportation costs and demand predictability. Consequently, at the external level the manager would expect to make strategic decision in accordance with the various businesses issues. Internally, operation managers are responsible to make the best possible solutions to ensure cost effectiveness. Thus, the practice of management extended further to include the scientific management to enhance the managerial de cision making processes. Another second challenge in relation to the role of modern management is that the climate change in business environment is constantly