Management
As organizations become larger in both scope and scale, the need for both management and leadership compounds. Many organization problems today, correlate heavily to a lack of true management. Aspects such as fraud, high employee turnover, product recalls, and strikes, all have origins with management. To better combat many of these negative influences, companies must hire, attract and retain talented management. In order to do so, many companies use the administrative management theory of management. This theory emphasizes the use of planned procedures, job specialization, and merit pay to help facilitate business objectives. I believe this theory to be the most useful in regards to managing an organization. For one, specialization of labor helps increase operational efficiencies with a business. In addition, planned procedures allow both employees and management to have clearly defined goals and job expectations. Finally pay based on merit provides incentive for employee and management to perform their job correctly (Lewis, 2006).
To begin, Adam Smith, and economic pioneer, once wrote a book describing the specialization of labor and its merit. Through use of the administrative theory of management, individuals are required to specialize in a particular task or objective. In regards to managing an organization, this theory is particularly useful as it creates efficient operations. Through repetition and the acquisition of knowledge, employees generally become more productive. Overtime, employees begin to specialize in the particular task being...
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