Frederick Taylor and Scientific Management Frederic Winslow Taylor started his career as a mechanist in 1875. He studied engineering in an evening college and rose to the position of chief engineer in his organization. He invented high-speed steel cutting tools and spent most of his life as a consulting engineer. Historical Perspective Frederick Winslow Taylor … Read more
Trait Theory of Leadership The trait theory of leadership isn’t new. It is the first modern theory ever postulated, as far as leadership is concerned. Leadership itself is a demanding activity, and only a few persons turn out to be good leaders. Their work speaks highly of their performance. Without being told, you can determine … Read more
The Role of Motivation in Organizational Behavior Motivation and Organizational Theory How are businesses successful? What lies at the core of an efficient and productive workforce? How do we ensure the work of a business is optimally performed? Why do employees do what they are asked to do? These are pertinent questions that need answers … Read more
Goal Setting Theory of Motivation Edwin Locke’s goal-setting theory is among the most dominant theories of work motivation. Systematic and rigorous reviews and meta-analyses have found substantial support for the basic principles of the goal-setting theory. This theory emphasizes that all behavior is motivated, and motivation is a goal-directed process. So, the level of motivation … Read more
Elton Mayo And His Key Theories Management, according to human relations, is the study of the behavior of employees in the workplace. And this approach of human relations also has its roots in the myriads of experiments which was conducted by the renowned professor, Elton Mayo and his team at the Harvard School of Business, … Read more
Bureaucratic Theory by Max Weber Max Weber, a renowned German sociologist, was the first person to use the term “bureaucracy” towards the end of the 19th. Max did not only use the word; he also believed that the bureaucratic management system is the most effective system to set up and run an organization. Hence, the … Read more
Herzberg’s Two-Factor Theory Theory of Motivation and Hygiene We have Maslow’s theory, McClelland’s theory, the ERG theories, etc. These theories look at needs and the concept of motivation from different functional points of view and theorize how motivation can be effectively carried out. One such theory is Herzberg’s Theory of Motivation. This theory also knew the … Read more
McClelland’s Theory of Needs (Power, Achievement, and Affiliation) McClelland’s theory of needs is one such theory that explains this process of motivation by breaking down what and how needs are and how they have to be approached. David McClelland was an American Psychologist who developed his theory of needs or Achievement Theory of Motivation which … Read more
McKinsey’s 7-S Framework McKinsey’s 7-S Framework has received considerable attention from management consultants and strategists. This framework was developed in late 1970 by McKinsey, a well-known consultancy firm in the United States. This framework is based on the proposal that effective organizational change is best understood in terms of the complex relationship between hard elements … Read more
4 Principles of Scientific Management Frederic Winslow Taylor started his career as a mechanist in 1875. He studied engineering in an evening college and rose to the position of chief engineer in his organization. He invented high-speed steel cutting tools and spent most of his life as a consulting engineer. Frederick Winslow Taylor (1856-1915) is … Read more
Boston Consulting Group Growth Share Matrix (BCG MATRIX) • The BCG matrix based on product life cycle theory was developed by Bruce Henderson of the Boston Consulting Group in the early 1970’s. It has 2 dimensions: Market Growth Rate and Relative Market Share. It is based upon the simple observation that company’s business unit can … Read more
Contribution by Peter F. Drucker – MBO Peter F. Drucker is a highly respected management thinker. He is a prolific writer and has published several books and articles on management practices. He is so versatile that there is hardly any area in management, which is not touched by him. He has drawn heavily from his … Read more
Principles of Management by Henri Fayol Henri Fayol is claimed to be the real father of modern management. He was a Frenchman born in 1841 and was working as an engineer with a mining company. He improved the condition of the company from virtual bankruptcy to high success. From his practical experience, he developed some … Read more
Porter’s Five Forces Model of Competitive Industry Structure An industry is a group of firms that market product which are close substitutes of each other. Some industries are more profitable than others. But this difference cannot be totally explained by fact that one industry provides better customer satisfaction than others. There are other determinants of … Read more
Five-Factor Model or ‘Big Five’ of Personality Five-Factor model follows the Traits approach to personality and experts agree that it is valid and it effectively captures the salient aspects of personality that are stable. The five-factor structure is designed to take care of cultural differences in socialization and allows self, peer, observer and stranger ratings … Read more