The traditional management theories exist much in the present business scenarios but not in all organisations. It has its core presence in the companies which best suits it.
Management theories could be termed as the very fundamental of a business operation; it could be either to manage its people or functioning of the whole system. The business managers are responsible for taking advantage from the knowledge of it and applying the best suited approach and approved ways to carry out business activities in an organisation. Management theories saw its very origin significantly over conventional times of top-down domineering paradigms to a better human focused modern human transformation. The present scenario permits an organisation to choose from various management theories and apply the best suited on the lines of the vision of the company.
Every organisation utilises the management theories on the basis of their systems of functioning. It is very obvious that a company would utilise more than one management...
