HOW HAS THE MANAGEMENT INDUSTRY EVOLVED OVER THE YEARS?
As famously quoted by Theodore Roosevelt, “The best executive is the one who has sense enough to pick good men to do what he wants to be done, and possess the self-restraint to keep from meddling with them while they do it.” Performance plays a hugely important role in any business and its development. Hence the importance of management is paramount in the proper functioning of any industry. We, at Lingaya’s Vidyapeeth, believe that such a discipline holds great potential as itinvolves organizing and coordinating activities with the aim of achieving targeted goals as efficiently as possible in both time and materials. The evolution of management over the centuries has not only led to a smoother functioning but has also resulted in the consistency of products reaching the consumer, aiding in establishing the superiority of the brand name.
Management Trends
Management canbe defined as the common ground where art, science,and craft meet. The origin of the discipline of management can be tracedback toprehistoric days when humans started living in groups creating civilization. Managementsimply means organizing and maintaining orderly conduct in operating a daily task towards a common goal. However, it was during the mid-18th century when management appeared as a proper discipline in the industrialized sector due to a remarkable change brought about by the industrial revolution. The evolution of Management since then has not only regularized modern trends but has also created an intense atmosphere of organization and stability within the business world.
Evolution of Management
At the onset of the industrialized sector during the mid-18th century, production was mainly characterized by compartmentalization aiming towards specialization. To produce at a phenomenal rate, the industries had to reorganize the existing structure. Due to this arose the need for systematic management of resources and organizing to create a flawless product by assimilating each department into a proper chain of command. Thus, the first instance of coordinatedcontrol came into being.
At the turn of the 19th century, managers begin to realize the importance of properly managing the workforce and the human resource factor. Companies being an organization run by the workers, required proper motivational forces, the division of labor, centralization, and hierarchy which played an important part in efficient modes of production. Therefore an appropriate chain of management was required to maintain a sizeable workforce and directed towards productiveoutput and achieving company goals.
During the late 90s, the focus began to shift towards a more mechanized form of work where professional knowledge for mass production gained importance over the manuallabor of workers. This required the managerial aspect to shift towards a more technical direction, managers now required to have extensive knowledge of the operation of machinery that was being used and its operations. The use of machinery also meant that proper strategic planning had to be made on how to minimizethe wastage of raw materials and to keep the cost down while increasing production.
The discipline of Management went through another change during the early 20th century,and the trend is still being followed today. Management itself began to be compartmentalized to deal with the specific needs of the departments that are involved in the process of production. Moreover, statistical research and data began to be used extensively to determine the course of action and provide valuable insights into the profit aims and trends of the company. This not only helped in determining the stand of the company with respect to its products and services but also supported innovation by merging management practices with scientific study and analysis.
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