contemporary approach - management accounting
Differences in Contemporary Approaches
Leslie Hill
Kaplan University
The functions of management have been in practice since around 500BC. There are four functions that have been used since then: planning, management, organizing, and leading. These four functions have set the stepping stone for managers throughout the centuries. As time has evolved; functions of management have too. During World War II, various contemporary approaches of management have emerged. There are four different approaches, socio-technology theory, quantitative management, organizational behavior, and systems theory being used from the 19050’s through today. Each of the approaches have various degrees of differences between them and as the environmental factors have changed, so have the contemporary approaches.
Socio-technology system approach deals with the human side of things. This approach allows the use of teamwork and groups for efficient production. Interpersonal relationships and the human aspect of employees allows the organization to properly train, give the right tools, and supporting knowledge to its employees. Also, allows employees to correct problems early on creating less waste.
Quantitative management deals strictly with management problems. This approach is designed to help managers know how to deal with the problem and shows them proper ways to solve problems in a mathematical way. Computers facilitated development methods such as statistical decision theory, linear programming, queuing theory, simulation, forecasting, inventory modeling, network modeling, and breakeven analysis which are applied in many areas of the organization. This method does not work all of the time because some problems cannot be solved mathematically. It is used as a supplement tool.
Organizational behavior studies and identifies the behavior of management that promotes effective employee production. If the manager treats employees as lazy, irresponsible, and in need of
Leslie Hill
Kaplan University
The functions of management have been in practice since around 500BC. There are four functions that have been used since then: planning, management, organizing, and leading. These four functions have set the stepping stone for managers throughout the centuries. As time has evolved; functions of management have too. During World War II, various contemporary approaches of management have emerged. There are four different approaches, socio-technology theory, quantitative management, organizational behavior, and systems theory being used from the 19050’s through today. Each of the approaches have various degrees of differences between them and as the environmental factors have changed, so have the contemporary approaches.
Socio-technology system approach deals with the human side of things. This approach allows the use of teamwork and groups for efficient production. Interpersonal relationships and the human aspect of employees allows the organization to properly train, give the right tools, and supporting knowledge to its employees. Also, allows employees to correct problems early on creating less waste.
Quantitative management deals strictly with management problems. This approach is designed to help managers know how to deal with the problem and shows them proper ways to solve problems in a mathematical way. Computers facilitated development methods such as statistical decision theory, linear programming, queuing theory, simulation, forecasting, inventory modeling, network modeling, and breakeven analysis which are applied in many areas of the organization. This method does not work all of the time because some problems cannot be solved mathematically. It is used as a supplement tool.
Organizational behavior studies and identifies the behavior of management that promotes effective employee production. If the manager treats employees as lazy, irresponsible, and in need of
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