In: Accounting
6. Provide an example of how historical trends in society have influenced a development in management and organization theory
historical trends gives a big picture of the society and organization today.
it gives a way to strategic thinking and conceptual ways of modern management practices.
3 major factors which influece the management and organization theory today are:
social factors which include the demographic factors like sex ratio, age and cultural factors
political factors whch include the political laws and policies
economic factors include the income of the group and spending ability
Historical trend gives us the stepping stones in framing the management and organization theory today.
there are lots of management theories today and they are all evolved from the historic trend and reaction to the various theories.
the 2 recent historical trends that evolved managemnt theories are
1. systems theory
2. contingency theory
system theory emphasizes on considering an organization a human body. if all parts of the human body works well, the human is healthy and sound, so is the organization. all the systems and part of organization should work well to make the organization smooth going process.
2. contingency theory focuses on constant changing business environment. as external environment is changing with respect to demographic, social, cultural, economic, politoical factors, the organization's environment should also change respectively.
with time new technology evolve, policies change accordingly the organization has to adapt.
the latest coronavirus pandemic can make a way for more healthy working environment with respect to hygeinic, social distancing, protection and sanitization in future organization and management theory.
the management practices would become more digitalized and communication and feedback process more electronic.