ASB 2104 Principles of Organisation and Management Essay

ASB 2104 Principles of Organisation and Management - Essay sheathThe discussion explains some prominent prudence theories, their similarities and dissimilarities and their present day relevance.The classical scheme of management is the oldest and the some widely accepted school of management. The classical theory was propounded and practiced extensively between 1885 and 1940. The genesis of the theory can be traced back to the Industrial Revolution that necessitated the need for systematic and logical methods to manage organizations. some(prenominal) factories were set up during the Industrial Revolution because of which the need for proficient inventionning, organizing, and controlling the activities of workers arose. The classical theory of management evolved with a view to enhance the worker-level productivity and that of the entire organization. The classical theory of management consists of two study schoolsThere were many contributors to the theory of scientific manageme nt. However, the most prominent work in this sphere was that of Frederick W. Taylor who is regarded as the father of scientific management. Taylor, who worked at the Midvale Steel Company, felt a pressing need to cut costs, break down work methods and develop labor and management co-operation. On the basis of his time studies, Taylor recommended a differential piecework plan wherein workers were paid higher wage judge for above standard performance and low wage rates for below standard performance. The concept of minimum basic wage rates can also be attributed to Taylors works, for till that point of time, there was no guarantee of minimum wages to workers.The contribution of Henri Fayol forms the key of the theory of general administration. Fayol termed planning, organizing, commanding, coordinating and controlling as the basic functions of management. According to the author, all activities in industrial projects could be classified into six broad categories technical, commerci al, financial, security, accounting and managerial. Additionally, Henri