There are four contemporary approaches to management: sociotechnical systems theory, quantitative management, organizational behavior, and systems theory.
The sociotechnical systems theory was first proven to the U.S. to be effective by the Japanese in the late 1980s, and it expresses that management should focus on making sure that they have well trained employees with the right tools and knowledge for the job. In this sense, the employees can put their heads together and produce innovative products in a productive manner, creating business success. However, quantitative management takes tides a different direction. It suggests that to be a successful business, you must use statistics and a form of visual modeling to influence management decision. This was proven to be effective when introduced to large corporations by military planners in solving the complex issues.
Both ideas are arguable, yet there are still two more. Organizational behavior states that the way you treat your employees influence your company’s productivity, therefore its success. If you treat them poorly they’ll work poorly, and if you treat them like they’re motivated they’ll act motivated. Which will increase productivity. Yet, there is there is the systems theory that says bluntly that a business is nothing but an open system that turns inputs into outputs. Businesses are affected by and affect their environment therefore they are open systems, and management needs to be made on the contingencies that arise to create success.
So to be concise, the key to success in a business depends on it management. All four approaches can agree on that, yet they all four have completely different views on how that success is gained.
However each form of management, no matter the one chosen, operate in the macroenvironment, which includes the elements of patrons, suppliers, and economical factors that