Evolution of Management Principle the Research Paper

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Other specific branches of management study have been developed for multinational enterprises (MNEs) and small and medium sized enterprises (SMEs).

Strategic management incorporates much of the work of previous management theorists, in particular including elements of organizational structure, motivation, organizational behavior and the definition of roles. In some respects, strategic management's focus on the human side derives most substantially from the Drucker tradition. Production management, conversely, remains focused on task. Systems such as Six Sigma and TPS follow on Taylor's theories about task specificity and optimization. There remains at this point in management theory there is a disconnect between these two types of management theory. Perhaps the future direction of management theory is to bring the two concepts -- production management and people management together to form a holistic view of the organization.

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Most of today's management theories derive from the influence of Taylor, Drucker and other management thinkers of the early 20th century. Since the seminal works on the subject, the ideas about task management, human resources management and organizational structure management have been refined and they have been adapted to a wide range of different organization types. The modern notion of strategic management is essentially a synthesis of a number of different perspectives. The future direction of management thought will focus on further refinements and adaptation to the knowledge economy. Future management thought will also focus on a developing a greater degree of integration between production management concepts such as Six Sigma and other task-oriented perspectives and Drucker-influenced human perspectives.

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