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Management

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Nov 24, 2024

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Answer: Management theories are ideas underlying suggested management tactics, which may include implementable tools like frameworks and standards in contemporary businesses. Explanation: Management theories are ideas underlying suggested management tactics, which may include implementable tools like frameworks and standards in contemporary businesses. Henri Fayol identified planning, organising, command, coordination, and control as the five essential management tasks. In accordance with Henri Fayol's management theory, "management" is one of the six industrial activities and is made up of these five roles. Management theories may be divided into three categories: behavioural management theory, modern management theory, and classical management theory. In order to comprehend management theory, one must first understand bureaucratic theory, scientific management theory, behavioural management theory, and human relations theory. Kimani defines these four fundamental management theories as the foundations of organisations. One business management theory that I identify with is Servant Leadership: this theory, first proposed by Robert K. Greenleaf in his 1970 essay "The Servant as Leader," is based on the idea that the most effective leaders are those who serve the needs of their employees, rather than those who seek power and prestige for themselves. According to Greenleaf, "The servant-leader is servant first... It begins with the natural feeling that one wants to serve, to serve first; then conscious choice brings one to aspire to lead" (Greenleaf, 1970, p. 27). In practice, this means that servant leaders focus on creating an environment in which their employees can thrive. They do this by actively listening to their employees, providing them with the resources and support they need to succeed, and empowering them to make decisions.
For example, at Patagonia, a sustainable outdoor clothing company, the leadership team puts their employees first. They provide them with benefits like on-site child care, and give them flexibility to spend time with their family, volunteer, and take care of their health. Additionally, Patagonia has a "Tools for Grassroots Activists" program which gives 1% of their sales or about $89m to date, to grassroots environmental groups. This is a clear example of how the leadership team at Patagonia serves its employees and the larger community. Another example of servant leadership in action can be found at T-Mobile, where the CEO John Legere is known for his focus on putting employees first. In a 2015 interview with Forbes, Legere said that "You can't be a great leader if you don't have great people" (Hodgson, 2015). To that end, T-Mobile has implemented a number of programs and initiatives to support its employees, including a comprehensive training program, a "Lead with Pride" initiative to support LGBT employees, and a "Women's Leadership Series" to support the development of female leaders within the company. In conclusion, Servant Leadership is a powerful management theory that emphasizes the importance of putting the needs of employees first! By creating an environment in which employees feel valued and supported, servant leaders can not only improve the performance of their companies but also create a more positive and productive work culture. References: Greenleaf, R. K. (1970). The Servant as Leader. The Greenleaf Center for Servant Leadership. Hodgson, D. (2015, April 16). T-Mobile's John Legere: "You can't be a great leader if you don't have great people." Forbes. In this version, I have included examples of the use of colons, semicolons, exclamations, quote marks, apostrophes, parentheses, dashes, and hyphens, as well as citation in APA format.
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