Questions and Answers
Which of the following are Classical Management Theories?
What is the main focus of Classical Management Theory?
To improve productivity within factories and businesses by emphasizing specialization of labor and centralized decision-making.
List one principle of Classical Management Theory.
Employees are selected based on their skills and specialization.
Which of the following is a concept of Classical Management Theory?
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What does 'Labor Specialization' refer to in Classical Management Theory?
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What is the advantage of a single leader decision-making process?
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Classical Management Theory places a strong emphasis on employee job satisfaction.
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What is one disadvantage of Classical Management Theory?
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Define 'Wage Incentives' in the context of Classical Management Theory.
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Study Notes
Classical Management Theories
- Consists of three main theories: Bureaucracy, Scientific Management, and Administrative Science.
Overview of Classical Management Theory
- Originated during the Industrial Revolution aimed at enhancing productivity in factories.
- Focuses on physical and economic needs of workers, neglecting social aspects or job satisfaction.
- Promotes specialization of labor, centralized decision-making, and profit maximization.
- Primarily established to streamline operations and improve profit margins, gaining traction from the late 19th to early 20th century.
Principles of Classical Management Theory
- Efficiency is prioritized; tasks performed based on employee skills.
- Operations should be maximally streamlined.
- Decision-making is centralized, typically by few authority figures.
- Productivity and profit are the main objectives.
Key Concepts of Classical Management Theory
- Centralized leadership structure.
- Labor specialization through an assembly line setup.
- Utilization of wage incentives to meet employee needs.
Centralized Leadership Structure
- Comprised of three management levels:
- First Level: Business owners and executives setting long-term goals.
- Second Level: Middle management responsible for departmental goals.
- Third Level: Supervisors managing daily operations.
Labor Specialization
- Focuses on efficiency through breaking tasks into smaller, manageable parts.
- Reduces multitasking, allowing workers to concentrate on specific duties.
Wage Incentives
- Emphasizes meeting workers' physical needs primarily through financial means.
- Employs monetary incentives to motivate employees and drive productivity.
Advantages of Classical Management Theory
- Establishes a clear hierarchical organization.
- Facilitates an understandable division of labor with defined expectations.
- Enhances productivity by linking rewards directly to monetary incentives.
- Ensures swift decision-making through centralized authority.
Clear Organizational Hierarchy
- Defines three management levels, benefits from clear responsibilities, and minimizes confusion about managerial roles.
Easy Understanding of Division of Labor
- Provides clear task definitions and employee duties, simplifying job expectations.
Increased Productivity via Monetary Rewards
- Employees motivated by financial incentives tend to display enhanced productivity.
- Regular recognition of efforts promotes appreciation and motivation.
Single Leader Decision-Making
- Centralized decisions from a single or few leaders streamline the decision-making process.
- Effective in environments requiring prompt responses or in smaller companies relying on one leader.
Disadvantages of Classical Management Theory
- Lacks consideration for employee job satisfaction and human relations, potentially leading to disengagement.
- Can create heightened pressure on employees due to strict operational structures.
- May hinder the incorporation of innovative ideas and concepts in the workplace.
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Description
This flashcard quiz covers essential classical management theories, including Bureaucracy, Scientific Management, and Administrative Science. Designed to enhance your understanding of how these theories emerged during the industrial revolution and their impact on productivity. Perfect for students and professionals interested in management concepts.
