Information Keeda

TRADITIONAL VS MODERN MANAGEMENT Description also available in video format (attached below), for better experience use your desktop. Comparison TRADITIONAL MANAGEMENT MODERN MANAGEMENT A type of closed system A type of open system Always have a stable environment Always have a dynamic environment Decision making is in the hand of authority Decision making is consensus Rules and regulations are rigid Rules and regulations are flexible Follow one way communication follows multidirectional communication Motivation is just a need Motivation is the first priority Emphasis on positions to achieve goals Emphasis on goals via MBO (Management by Objectives) Leadership nature is autocratic Leadership nature is democratic Zero scope for creativity and innovation Wide scope for creat

HISTORY, GROWTH & EVOLUTION OF MANAGEMENT Description also available in video format (attached below), for better experience use your desktop. Introduction ·        Management is not a word that introduced yesterday, it exist from thousands of years and get evolution from time to time. ·        The view of history helps us to understand the today’s management theories & practices and help to see that what has worked and what has not. ·        The Pyramids of Egypt, Great Wall of China, Taj Mahal, Qutub Minar and many more things of this world tells us the degree of management that exist at that time. ·        The remarkable and significant events in the history of management that contributes in the growth and evolution of management are o    Division of Labor §   “ THE WEALTH OF NATIONS ” published in 1776 by Adam Smith §   He argued about the Division of labor and Job specialization. §   He states about the economic advantages that a organization and socie