Management theories provide frameworks for understanding how to effectively manage an organization. Some of the key theories include:
Classical Management Theory: Focuses on efficiency and includes scientific management and administrative principles. Human Relations Theory: Emphasizes the importance of interpersonal relationships and employee well-being. Contingency Theory: Suggests that there is no one-size-fits-all approach and that management practices should depend on the specific circumstances. Systems Theory: Views the organization as a system of interconnected parts that work together to achieve objectives.