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1605810649844

Published by Education Mandal, 2020-11-28 19:17:31

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ii)Behavioural Approach based on Psychology, Sociology and Anthropology  This approach led to the study of “Organizational Behaviour” that involves the study of attitudes and behaviour of groups  Contributors include Maslow, Davis, McGregor, Herzberg, Rensis Likert, Kurt Lewin, Chris Argyris, etc.  Motivation, leadership, communication, group dynamics and participative management are the core aspects 51

C) Quantitative Approach (also known as Mathematical or Operations Research Theory) Main contributors: Simon, Newman, James March, etc Main aspects:  Mgt involves decision making after evaluating various alternatives  Use of mathematical models to evaluate the alternatives  Evolved from Mathematical & Statistical solutions developed for military problems during World War II 52

Quantitative Approach:  Use of Mathematics and Operations Research in Planning, Decision Making and Controlling to achieve precision  Linear Programming to improve resource allocation decisions  Queuing Theory to reduce customers’ queues and serve them faster  Inventory Modeling for better inventory mgt  MIS for better information mgt  PERT and CPM for timely completion of projects and avoiding cost over-runs 53

D)Contemporary Approach  Early approaches focused on ‘inside view’ of the organisation  In 1960s, management experts began to look at the ‘outside view’ i.e. the external environment or what is happening outside the boundaries of the organisation  Two contemporary views emerged: i) System Approach and ii) Contingency Approach 54

i) Systems Approach: Main contributors: Kenneth Boulding, Ludwig Von, R.A.Johnson, etc.  A System is a set of interrelated and interdependent parts arranged in a manner that produces a unified whole  It gets influenced by the external environment e.g. influence of external forces  Organisations need to adapt to their system to survive and succeed 55

ii) Contingency/Situational Approach Main contributors: Tom Burns, Paul Lawrence, G.W. Stalker, etc  This approach believes that organisations are different, they face different situations and require different ways of managing  No single best way of managing in all situations  Management or leadership is entirely situational, it depends upon a given situation and it varies from situation to situation  At times, it may be autocratic, at other times, it may be democratic or participative 56

Thank you 57


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