Elton Mayo conducted a series of experiments at the Hawthorne plant of the Western Electric Company between 1927 and 1932 (known as Hawthorne Studies) to study the impact of human factors on productivity. The Hawthorne Studies are divided into three groups: 1. Test Room Studies: 2. Interviewing Studies 3. Observation Studies. 1. Test Room Studies: These studies were conducted by [...]
After reading this article you will learn about:- 1. Branches of Quantitative Management 2. Evaluation of Quantitative Management 3. Limitations. Branches of Quantitative Management: The branches of quantitative management are: (a) Management Science, (b) Operations Management, and (c) Management Information Systems. (a) Management Science: "Management science is an approach that aims at increasing decision effectiveness through the use of sophisticated [...]
This article throws light upon the top twelve theories of management thought developed by famous management thinkers. Some of the theories are: 1. Theory of Peter F. Drucker 2. Theory of Michael Porter 3. Theory of Tom Peters 4. Theory of Michael Hammer 5. Theory of Peter Senge 6. Theory of C.K. Prahlad 7. Theory of Mary Parker Follett 8. [...]