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Management TheoriesName: FELISTA MUTHOKI MUTINDACourse Title: CHRISTIAN BELIEFSCourse Code: Buss100 Term PaperInstructor's Name: GEORGE ANTHONYCollege: JKUAT KAREN CAMPUSDate: TRIMESTER JAN- APRILManagement TheoriesIntroductionManagement can be defined as organization and coordination of programs and activities within a business to achieve pre-defined goals and objectives. However, management being a factor of production has to be developed with consideration of available machines, money and materials. According to Sir Thomas More, the modern management practice originates from failure and low- efficiency of enterprises in the 16th century, a fact that necessitated studies on interlocking functionalities in organizing, planning, directing and control of resources within an organization to achieve objectives of the created management and corporate policy. The paper will deliberate on management theories and the corresponding functions within modern organizations.CLASSICAL MANAGEMENT THEORYThis kind of theory emphasizes on organization structure with prescription of what healthy for an organization and practical management (with exception of Weber, a sociologist).HENRI FAYOL (1841 - 1925), FRANCEAdministrative Theory was a brain child of Henri Fayol, a junior engineer who worked in a French Mining industry; he studied the management structure in place noting down the aspects of management that would enhance high productivity. In a quest for positive impact on management, Fayol derived and considered his 14 important "principles of management". However, he considered the principles as essential in explaining how management teams should interact with staff to effectively and efficiently achieve prep-defined organizational goals and objectives (http;// FAYOL'S "14 PRINCIPLES"DIVISION OF WORK/ LABORFayol argued that division of labor reduces the extent of effort or attention either for a group or person leading to familiarity or specialization. When work is divided within an organization, attention and efforts would be focused on distinct special task portions (Richard, 2004). Fayol presented work specialization to be an appropriate approach towards maximizing the use of human resource in an organization. He categorized work into two groups; that is, between the levels of authority in an organization. Departments and other groups, each group should operate within their jurisdiction as outlined in contract documents binding employees to an organization ( In production, specialization lead to increasese in output and reduction in wastage since employees would showcase both effectiveness and efficiency when performing their tasks at work. As stipulated in Fayol's 14 principles, this very objective has not been superseded in organization's labor force (Alvarez, 2010).In the modern economy, this principle is a fundamental feature that...

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