Classical Management Theories – Relevance in Modern World

After Industrial Revolution saw the light of the day, there have been many theories as to how to manage the employees in order to get the maximum value out of them. Frederik W. Taylor, the first management consultant in the industrial history came up with “The Principles of Scientific Management” where he considered employees as mechanical and only motivated by money. We have come a long way from that and today’s scenario do not completely support that.

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So why do Top MBA Colleges in Hyderabad, still teach these Classical theories. Because in today’s Startup Environment, where students from best MBA colleges in Hyderabad would end up becoming a part of the vibrant team where decisions need to be taken swiftly and implementation has to be as smooth as possible, these theories have become all the more important and there is something or the other to learn from each of the theory.

Here are some lessons you need to inculcate immediately in your management practices :

Taylor’s Principles of Scientific Management

The primary tasks of managers are :

  1. Planning the task in advance and breaking it into various jobs.
  2. Assigning the jobs to right person.
  3. Giving him all the guidance and training throughout for the best outcome.

Fayol’s Principle of Administration

Remuneration is the inevitable part of management. Till the time you do not appreciate the performance of an individual, his motivation will go on declining leading to a robotic employee with zero productivity.

Gulick and Urwick’s Coherent Set of Principles of Administration

Decentralisation or what we call a flat organisation nowadays was coined by these two individuals. They believed that maximum performance can be ensured if the managers/administrators ensure clarity of role in their team with decision making power dispersed throughout the organisation.

Max Weber’s Concept of Bureaucracy

Every individual in the organisation should be roles and responsibilities on the basis of his ability, skill and competence. A beautiful concept indeed, it says that any person can be a box full of surprises and a true manager would break the hierarchical chains and would bring such individual to the forefront and make the most out of his potential.

Mary Parker Follet

The last among the Classical Thinkers gave the most important principle of all. She said that “Leadership by Function” is the most successful kind of leadership where a manager get into the iterative process with his team and come to a collective decision which is not imposed but decided by everyone equally.

More or less, manager since time immemorial needs to be judged more on his EQ rather than IQ. The ability to take adhoc decisions no matter how difficult and tough they are and getting people on board with them is what makes a good manager, something that books won’t teach you.

4 Must-have Leadership Qualities to make a Top Level Manager

A guide by PGDM College in Hyderabad

“If your actions inspire others to dream more, learn more, do more and become more,

You are a Great Leader.”

-John Quincy Adams

Leadership has always been a debatable topic in the management chambers. Some believe that a person is a born leader and can’t be trained into becoming one and yet other house feels that this is something that comes with experience and can be taught to the individual. The truth is somewhere in between. Yes, some qualities are possessed naturally and others come with experience.

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Leadership qualities are taught to students in the pg courses in india  among all the PGDM colleges in Hyderabad through a group of activities and projects. Here is a list of 4 qualities that a leader has to possess in order to enter into elite club of managers one day :

  1. Ability to Collaborate

A leader who comes to any decision after an elaborate iterative process with his team members could never fail in any task whatsoever comes in his hand. Including the team in the decision would inculcate a feeling of ownership among the individuals and hence the productivity would be high.

  1. Creativity

As a leader, he needs to make a number of decisions that do not have a clear answer; he therefore needs to be able to think outside of the box. A problem has a thousand solutions and a great leader is the one who manages to come up with the most practical and easy to implement solution which is supported by all.

  1. Integrity

A good leader is the one who has been able to build trust and credibility among his team. He should be integral to take a stand for his team. His actions should match with his words. He should always support his team members and ready to take responsibility for their actions rather than starting a blame game.

  1. Adaptability

A good leader should be adaptable enough to blend with any group of individuals. In his career span, he might have to work with different kinds of individuals in different scenarios. Also “change is inevitable” and only an adaptable leader would be able to make the transition as smooth as possible.

These qualities come with experience and knowledge. Reading about great Leaders of the past is a yet another great way to lit the fire of leadership in oneself.

Significance of Post Graduate Diploma Courses For Candidates Seeking Top Management Roles

In the highly competitive modern times, management courses have come to play a vital role in helping the candidates develop the right skills and attitude to ensure a successful career. While, pursuing an MBA program had been the most preferred option for candidates up until only a couple of years ago, the scenario is rapidly changing. Today an increasing number of candidates are opting for the Post Graduate Diploma courses in India, which are being offered by almost all top ranking B-schools.  Discussed below are some reasons that have led to the popularity of the PGDM courses amongst management aspirants.

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  • The PGDM course are considered equivalent to the MBA programs but focus more on imparting practical concepts rather than theoretical ones. Moreover the PGDM programs are often priced significantly lesser than the regular MBA programs and hence can be easily afforded by candidates from a wider range of economic backgrounds.
  • The PGDM programs generally offer specialization in different areas. This means that candidates can opt for a Post Graduate Diploma program in Human Resources or marketing or retailing or even entrepreneurship to name a few. This can prove especially helpful for candidates who have planned out their career in a specific niche of their choice.
  • Given the wide choice of course options, PGDM ensures a better chance of success for the candidates as they are able to enhance their expertise in a field of their choice. It also provides them with the unique opportunity of gaining the best knowledge and training in a field which they are interested in and which matches with their inherent skills and personality traits.
  • Most PGDM programs focus not only on the academic excellence of the candidates but also on the overall personality development and growth. This idea is to make them market ready when they complete the course not only in terms of the knowledge they possess but also the various inter-personal skills that the employers might be looking for.
  • PGDM programs offered by renowned institutions are the next best option for candidates who are not able to gain admission in the MBA programs of top B-schools. For example opting for a Post Graduate Diploma in Financial Management from a well ranked institute is definitely a better choice than pursuing a MBA course from a little known college that is not even ranked.

Most importantly the PGDM programs are recognized and accepted by the industry, which means that the candidates pursuing these programs do not need to worry about getting placed in a good organization.

Essential Skills Taught As A Part Of Management Development Program

The primary objective of management development programs is to help enhance the leadership skills of the trainees and turn them into valuable collaborators towards the achievement of organizational goals. That is why most renowned institutes offering Post Graduate Diploma in Management programs tend to make the overall development of the candidate an integral part of the course. Discussed below are some essential skills about which education is imparted to the trainees as a part of the management program.

Strategic Thinking: Strategic thinking ability is essential for success of candidates in a managerial role. It helps them consider the pros and cons of the decisions they are about to make besides helping them understand future consequences of the actions they take in the present. Strategic thinking   also helps the candidates to come up with the most beneficial and result oriented plans that can help in the process of achieving organizational goals.

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Team Engagement Skills: One of the biggest challenges faced by managers is to make their team members feel motivated and engaged. The Post Graduate Diploma courses train the candidates in developing this skill through intense coaching in real life scenarios. In most cases, the candidates receiving the training are asked to share their experiences as professionals to help their peers understand the importance and benefits of team engagement. This enables the trainees to make their team members feel more involved when they take on the role of a manager within an organization.

Leadership Development: Since the candidates undertaking management development programs aspire to take on leadership roles, they need to focus on developing the right leadership skills. That is why courses offered by renowned institutions pay much attention towards the development of these skills, which will ensure the professional growth and success of the candidates in the future. The candidates are made aware of the various leadership styles besides which a sense of good judgment and confident decision making is also instilled in them.

Significance Of Teamwork: The critical role played by strong and united teams in ensuring the overall growth and success of an organization cannot be undermined. That is why the candidates are imparted training about the importance of enhancing unity within the team and building the sense of mutual trust and respect. Various team building exercises are carried out with the candidates to make them aware of the benefits of team work and group effectiveness. The focus is also on enhancing honest interaction between the team members and developing a sense of mutual responsibility so that the group and organizational objectives are achieved.