Contemporary Approaches

All four of these management theories deferrer in various ways. First, the Sociotechnical Theory approach to management is a balancing of several classical approaches and draws mainly from separate schools: scientific management, administrative theory and bureaucratic management. This mainly was an attempt to bring a balance within how employee’s social behaviors intermingled with the technical production system of an organization or manufacturer. This also allows for a better understanding and combining of the successful aspects of previous management theory for a more modern approach. Next, we come to the Organizational Behavior approach, which emphasizes the importance of understanding of the complex nature of individual, group, and organizational processes and social and political structures. The systems theory approach based on the general scientific theory of the same name, attempts to bring the company or organization and its employees together in an effort of working towards common business oriented goals. This is underscored by the idea that the organization is one system built on a series of units and subsystems. Now, the quantitative management approach is built on the basis and the results of quantitative analysis to management decisions and problems. However, in this theory it puts emphasis on different variables and then finds a solution to each key variable through formal mathematical models of the assorted identified problems. However, if I had to choose one theory I would go with the systems theory.

The four contemporary approaches to management are all very important to the running of a business; all approaches and components of the varied approaches hold their own specific place in the success of a business. So...

... middle of paper ...

...014, from The W. Edwards Deming Institute: https://www.deming.org/theman/theories/profoundknowledge

Internal Environment. (n.d.). Retrieved 4 27, 2014, from Business Dictionary: http://www.businessdictionary.com/definition/internal-environment.html#ixzz2zxNGD0j

Macro Environment. (n.d.). Retrieved 4 27, 2014, from Investopedia: http://www.investopedia.com/terms/m/macro-environment.asp

Systems Theory. (n.d.). Retrieved 4 27, 2014, from Wikipedia: http://en.wikipedia.org/wiki/Systems_theory

The Relationship Between Systems Theory & Employee Relations. (n.d.). Retrieved 4 27, 2014, from the Small Business Chronical: http://smallbusiness.chron.com/relationship-between-systems-theory-employee-relations-22465.html

The System of Profound Knowledge. (n.d.). Retrieved 4 27, 2014, from The W. Edwards Deming Institute: https://www.deming.org/theman/theories/profoundknowledge