Lu, Chowxinn Shanin G.

12- Ford

Management Theory

Management is an art and a science. Managers deal with human beings whose
behavior cannot be reduced to formulas. Managers can benefit from learning and
implementing best practices or studied and tested approaches to running an
organization. Management theories are visions of different ways to run a business
based on differing assumptions about how people and systems operate. They have
evolved considerably over time from traditional top-down authoritarian paradigms to
more human-centered contemporary adaptations.

Scientific Management Theory

At the turn of the 20th century when the potential of science to improve productivity
was becoming abundantly clear, Frederick Taylor developed the scientific, or classical,
management theory. This approach uses data and measurements to make
organizations more effective. By observing and evaluating processes in numerical
terms, managers are able to distill information that helps them run their businesses
more efficiently and profitably. The process of gathering data led to standardization
and a management strategy based on punishment and reward. This approach worked
for mechanized operations, but it did not do justice to the human element, the role that
personnel play in innovation, and the importance of keeping staff satisfied and
engaged so they do good work.

Bureaucratic Management Theory

The seminal sociologist Max Weber built on Frederick Taylor's scientific management
theory with his theory of bureaucratic management, which takes the scientific
principles that Taylor applied to production systems and applies them to human
resources management as well. Bureaucratic management theory stresses clearly
designated roles for employees and management based on hierarchies that
streamline authority and make it clear who is in charge and who is not. However,
Weber's theory cannot be reduced simply to a mechanical, systematized approach to
managing human beings. He also wrote about the dangers inherent in unchecked
hierarchical bureaucracy and stressed the role of emotion in a business landscape
dominated by technology.

Human Relations Theories

Over the course of the 20th century, management systems became more human-
centered, emphasizing the capacities of individuals to act autonomously and creatively
and gearing management toward bringing out the potential of the people they employ.
Human relations management theories emphasize the importance of aligning the
needs of the workers with the needs of the company and adopting policies aimed at
their mutual benefit.
 Systems Theory

Systems theory looks for holistic patterns in scientific and metaphysical contexts, and
the management approach to systems theory aims for achieving an integrated and
balanced whole in business as well. Features include identifying the overall goal of the
organization, working so that its various elements function cohesively to achieve this
goal, and understanding the cycles regulating a system's inputs and outcomes. This
management theory is especially effective for recognizing and leveraging the
particular patterns that a company's operations follow.

https://bizfluent.com/info-8375509-four-types-management-theory.html

The Top 10 Corporations in the Philippines (For Job Hunting)

1. San Miguel Corporation. ...
2. Nestle Philippines. ...
3. Accenture. ...
4. Shell Philippines. ...
5. Procter & Gamble Philippines. ...
6. SM Investments Corporation. ...
7. ABS-CBN Corporation. ...
8. BDO Unibank.
9. Coca-cola FEMSA Philippines
10. Unilever Philippines
https://ifranchise.ph/top-10-corporations-in-the-philippines/

The Worst 10 Corporations in the Philippines

1. MRT
2. Globe
3. Lazada
4. ABS-CBN
5. CD-R King
6. SM
7. BPI
8. BDO
9. PLDT
10. Meralco