Theories of Management & Its Application

Abstract

Management is commonly defined as an action done by people to uphold and handle the business environment and structure. A compilation of ideas which set forth common rules on how to manage a business or organization. The contingency theory aims at integrating theory with practice in systems outline. We have also discussed the importance of contingency theory, its properties criticism it has faced, consequence it has on the manager. Two distinct sets of assumptions that managers in common have about their employees and which often turn out to be self-satisfying prophesies. In this presentation, we have also discussed the comparison of X and Y theory. Finally, this presentation deals with the application of the above two theories.[G1] [G2] [G3] [G4] [G5] [G6] [G7] 

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