The Historical Management Theory

policies and procedures. Staff to have the relevant training to be able to fill their role

Encyclopedia, S. E. (1993). Article. In The new encyclopedia Britannica (vol. 38, pp. 745-758). Chicago: Publisher.

In order for the organizations to have a fair, acceptable and reliable job evaluation, the need for having a

Grade Calculation: Each quarter and the final exam will count as 20% of the final year grade. Students

* Employee evaluations and skills assessments to ensure our staff are producing the maximum output of work to the highest standards

The employees who have been employed should have the correct skills for the jobs they have been hired to do.

made aware of what is required of them in regards to their working practices and roles and responsibilities.

The company should make the arrangement of training for the new employee in order to make them work effectively in an accurate way and in systematic manner. The

employee. This is part of day to day management and is intended to ensure that

Performance sheets of different departments will be drafted to assess their performance. Since the company 's net revenue is going to be -$50,000, a change in net income will mean that the training was effective. If the company hits its target of ten percent annual turnover, it will prove the training had a serious impact on different departments. The final results of the impact of this planning will be reached after assessing different departments before the training. It will be through recording how much each department contributes to the company. The monitoring of this training will be through supervisors who also act as middle managers of the company. They will observe and record progress of different employees and give recommendations.

There are five grade sets, namely fail (N: 0-49%), pass (P: 50-59%), credit (C: 60-69%), distinction (D: 70-79%), and high distinction (HD: 80-100%).

The main focus behind the development of management theory is the quest for good ways to make use of managerial means. Management theory evolves constantly with the continuous stream of new ideas that come from the attempts to transform theory into practice, and vice versa (Aguinaldo & Powell, 2002). Progression in management theory normal happen as key personnel discover great methods to accomplish the most important management responsibilities: planning, organiz-ing, leading, and controlling human and other managerial means. This paper will show how man-agement theory having to do with suitable management processes has emerge in modern times, and view the main aspects that have led to its prosperity.

French mining engineer, Henri Fayol graduated in 1860. He later became the director-general of Comambault, a company who was at the verge of bankruptcy. Fayol successfully reformed the company into one of the largest industrial combines of Europe after his retirement. Fayolism or Administrative theory was developed in 1900s with the focus that management should be considered as an essential skill of life and should be separated from any technical knowledge. He believed that everyone perform certain administrative functions in their everyday lives (Lynch and Robert G., 2013). The theory emphasizes that the success of an organization was determined by the administrative ability of its leader as oppose to their technicality.

The idea of management has changed over the years in order for their approach to working with different people and new technology. This has taken place in the new society and world of business. The way the world keeps changing from year to year is the reasoning for the different approaches to management systems. Research has shown a big change in just three years and still continues today, by becoming experts to working in teams and focus on putting their clients with great service. The CEO would also, come to each SunTrust Bank to stay in touch with team member on how to connect with clients. Team members were pushed in making more sales to promote a profitable growth by helping clients to make the right decision that best fits their investment needs (Slaughter, 2011).

Frederick Taylor and Henri Fayol were both theorists of the classical management movement. The classical approach was the framework to what management is all about. Therefore it can be said that they laid the foundation for many theorists. Frederick Taylor was an important theorist of the early 20th century and he made many important contributions to management. He proposed the principles of scientific management which he believed would improve industrial efficiency. He believed management could be formulated as a discipline. Taylor’s principles of scientific management focused on cooperation between management and the workers as well as improving the technical skills of the workers (Hodgetts, 1995). His approach is often referred to