Question

1. What are the major categories of the managerial theories?​

Answer 1

There are three major classifications for management theories: Classical Management Theory, Behavioral Management Theory and Modern Management Theory. These classifications represents a different era in the evolution for management theories.

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Answer 2

The major categories of the managerial theories are

• Certain management theories have become integral to modern business practices.
• There are three major classifications for management theories:

• Classical Management Theory, Behavioral Management Theory and Modern Management Theory.

• Classical Management Theory focuses on operations and the creation of standards to increase production output.
• In Classical Management Theory, compensation is considered the primary motivation for employees.
• A manager practicing Classical Management Theory would be focused on improving output and rewarding high-performing employees through wages or bonuses.
• These classifications represents a different era in the evolution for management theories.
• Each of these classifications further contain multiple sub-theories.

• Classical Management Theory centers around execution and maximizing production.
• Behavioral Management Theory focuses increasingly on human elements and viewing the workplace as a social environment.

• Modern Management Theory builds on the previous two theories, while incorporating modern scientific methods and systems thinking.

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