VHSE FIRST YEAR MANAGEMENT/MODERN APPROACH/SYSTEMS THEORY AND CONTINGENCY THEORY/EVOLUTION OF MGT

VHSE FIRST YEAR MANAGEMENT SECOND CHAPTER EVOLUTION OF MANAGEMENT THOUGHT. MODERN APPROACH CONTAINS TWO THEORIES 1.SYSTEMS APPROACH- THIS APPROACH VIEWS THE ORGANIZATION AS A UNIFIED WHOLE INSTEAD O FRAGMENTED SEGMENTS. A PURPOSEFUL SYSTEM IS COMPOSED OF INTERDEPENDENT AND INTERRELATED PARTS AND MOT A MERE COLLECTION OF PARTS. THE SYSTEM APPROACH EXAMINES THE RELATIONSHIP BETWEEN DIFFERENT COMPONENTS OF THE ORGANIZATION. IT MANITAINS A BALANCE BETWEEN DIFFERNT SUB-SYSTEMS SO AS TO ENSURE THE GROWTH OF THE SYSTEM. 2. CONTINGENCY THEORY - THIS THEORY IS ALSON KNOWN AS SITUATIONAL APPROACH. THIS THEORY WAS DEVELOPED BY JOAN WOODWARD AND HIS TEAM. THE VIEWPOINT OF THIS THEORY IS THAT "APPROPRIATE ACTIONS BY MANAGERS OFTEN DEPEND ON THE SITUATION". CONTINGENCY APPROACH ADVOCATES THAT MANAGERIAL ACTIONS AND ORGANIZATIONALDESIGN MUST BE APPROPRIATE TO THE GIVEN SITUATION THERE IS NO ONE BEST APPROACH FOR ALL SITUATIONS THIS APPROACH IS BOTH ANALYTICAL AND SITUATIONAL, WITH THE PURPOSE OF DEVELOPING A PRACTICAL ANSWER TO THE QUESTION AT HAND.