Business Management Theory and Philosophies Explained

Patrick Ward

What are the three management theories?

The three main classifications of management theory are Classical Management Theory (1900s), Behavioral Management Theory (1910s), and Modern Management Theory (1940s). Each of the three major management theories contains sub-theories, including notable schools of thought like Scientific Management, Human Relations, and Management Science.

Management theory underpins everything accomplished by western enterprises in the twentieth and twenty-first centuries, from auto industrialization to the dot-com boom. 1 2

As such, management theory has been an active field since the late 1800s and is closely studied by MBAs and executives alike.

I’ve compiled the most prominent management theories, organized them by era, and summarized them in order to assist your studies. We’ll cover each of the three major management theories and the key figures behind each school of thought:

  • Classical Management Theories (Frederick Taylor, Henry Fayol)
  • Behavioral Management Theories (Elton Mayo, Douglas McGregor)
  • Modern Management Theories (Robert Kahn, Paul R. Lawrence)

What is management theory?

A management theory attempts to provide one or more ways to solve problems of “management.” “Management” can be defined as: 3

Determining a goal, planning and organizing around the goal, and leading and controlling efforts to ensure successful completion of the goal

How is management theory applied in the workplace?

When Henry Ford set 40–hour work-weeks, that was an example of applied management theory. The same could be said of Silicon Valley Unicorns flattening the corporate hierarchy to encourage innovation, or trendy e-commerce companies hitching their wagons to social causes to draw principled talent.

New isn’t syonomous with “better” in management theory; just look at Steve Jobs, who employed a famously autocratic style when the opposite leadership approach was in vogue. Apple had more in common with classical management theories of the 1800s than socially-driven ones popular with most Bay Area companies, but the results can’t be argued with.

In practice, most organizations employ a variety of strategies that match the efficiencies of each style with the recruiting and retention needs of their specific market. Additionally, many management theories established more than a century ago are still in use in Western corporations, such as the LPC and Contingency Theory for matching leaders and teams.

What is the history of management theory?

Historically in the West, many approaches to management and leadership were autocratic and dictatorial in nature.

In effect, the person in charge would bark orders and the people below them would be expected to follow.

In business, things began to change near the end of the 19th century. It was at this point that management theory began with an era often referred to as “Classical Management.” 4

In the following sections, we’ll take a look at the main eras in the development of management theory, including which business management theories came during each era, who was responsible for prominent theories, and the impacts of each era on modern workplaces.

Summary of the three core management theories

Classical management theories.

Two main theories were developed during the Classical Management era:

  • Scientific Management theory
  • Administrative Management theory

Scientific Management theory is primarily attributed to Frederick W. Taylor (1856-1915), an engineer who was known for his efforts to improve industrial efficiency. According to the theory of Scientific Management, the scientific method can be applied to production in order to increase efficiency and performance.

From his studies, Taylor created Four Principles of Scientific Management , which are as follows:

  • Gather objective data on work, experiment, and standardize policies and procedures;
  • Scientifically select, train, and develop workers;
  • Work cooperatively with workers; and
  • Fairly divide work and responsibilities and reward workers appropriately.

At approximately the same time as Taylor was developing Scientific Management, Administrative Management theory was also being developed.

Administrative Management theory is primarily attributed to two theorists:

  • Max Weber (1864-1920) , a German sociologist who made significant contributions to the areas of management, economics, and sociology. 5
  • Henri Fayol (1841-1925) , a French engineer and executive who is known as the father of Modern Management.

Unlike Scientific Management, which has a focus on lower-level supervision and management of production, Administrative Management has a focus on higher-level duties at the organizational level.

Thus, Administrative Management focuses on using organizational structure, management, and control in order to increase efficiency and performance.

One of Weber’s greatest contributions to management theory was his Theory of Bureaucracy . This theory states that a bureaucracy has the following characteristics: 6

  • Specialization;
  • Formalized rules;
  • Hierarchical structure;
  • Well-trained employees;
  • Managerial dedication; and
  • Impartiality of management.

Another notable contribution from Weber was his classification system of authority, which included the following types:

  • Traditional;
  • Charismatic; and
  • Rational-legal

One of Fayol’s greatest contributions to management theory was his 14 Principles of Management. These principles included:

  • Division of work;
  • Discipline;
  • Unity of command;
  • Unity of direction;
  • Subordination of individual interests to the general interests;
  • Remuneration;
  • Centralization;
  • Line of authority;
  • Stability of tenure of personnel;
  • Initiative; and
  • Esprit de corps

Fayol was also “credited with the original planning-organizing-leading-controlling framework” via his Five Functions of Management. These functions included:

  • Organizing;
  • Coordination; and

Behavioral Management Theories

The era of Behavioral Management began around the mid-1910s, marking a change in perspective from more structural and mechanistic to humanistic. The most notable names of this era include:

  • Elton Mayo (1880-1949) , an Australian psychologist who is known as the father of the Human Relations movement.
  • Douglas McGregor (1906-1964) , an American management professor who is known for his management and motivational theories.

In particular, Mayo is best known for his contributions to the Hawthorne Experiments, which looked to “inspire company loyalty, discourage high employee turnover and unionization, and present a good face to the public.” These studies led to numerous discoveries by Mayo, including that:

  • Workplace problems are caused by human and social factors;
  • Workplace policies and procedures influence workers’ attitudes; and
  • Motivation, productivity, and job satisfaction depend more on cooperation, involvement, and recognition than on physical working conditions.

McGregor is best known for his Theories X and Y, which detail two different management styles. The following chart compares and contrasts each of the two perspectives. 7 8

Modern Management Theories

Finally, we move to the modern era of management theories.

This era began approximately in the 1940s and primarily includes the following two approaches:

  • Management Science
  • The Organizational Environment

Management Science essentially came as an evolution of Frederick W. Taylor’s Scientific Management, took place during World War II, and has a focus on “using models and data to improve business performance.”

What may be seen as the most significant development in the field was George Dantzig’s simplex method for solving linear programming problems, which helps with management tasks like “allocating resources, scheduling production and workers, planning investment portfolios, and formulating marketing and military strategies.” 9

Other Management Science techniques include:

  • Nonlinear programming;
  • Network models;
  • Project scheduling;
  • Inventory and supply chain models;
  • Queuing models;
  • Simulation models;
  • Decision analysis;
  • Goal programming;
  • Forecasting; and

Organizational Environment , meanwhile, is based on two main theories:

  • The Theory of Open Systems
  • Contingency Theory

The Theory of Open Systems was theorized primarily by Robert Kahn (1938), an American electrical engineer, and Daniel Katz (1903-1998), an American psychologist.

The Theory of Open Systems states that an organization is always interacting with its environment through a three-step process such that inputs are received from the external environment, transformed through organizational processes, and then output back to the outside environment. In summary:

  • Receiving inputs from its external environment;
  • Processing and transforming inputs through internal organizational subsystems and processes; and
  • Sending outputs back to the outside environment

Considering this open system, the theory then states that management must respond to its external environment. First, management must determine and organize appropriate internal dimensions, capabilities, and structures. Then, they must optimally align these internal characteristics with the external domains in which they can compete and serve customers.

Contingency Theory can primarily be attributed to Paul R. Lawrence (1922-2011), an American sociologist, and Jay Lorsch (1932), an American organizational theorist. This theory states that a business’ organization is contingent upon the nature of the work and varying needs of the people. More specifically, it states that:

  • Businesses with consistent and predictable tasks should be organized with formalized procedures, classical management hierarchies, and directive supervision; while
  • Businesses with inconsistent and/or unpredictable tasks should be less defined and more flexible, allowing for greater participation by all of those who are involved.

Thus, by matching the organization to the task, the task to the people, and the people to the organization, everyone is made to feel competent and motivated to produce.

The impact of management theories today

It is easy to see how all of these management theories have impacted workplaces today.

For starters, Scientific Management’s focus on productivity was clearly an early step in the evolution of Total Quality Management (TQM) systems we see today and in the field of Management Science.

Second, Administrative Management led to numerous future developments, like Sociology and Management as fields of study, the organizational structures of today, and countless management styles. 10

Third, Behavioral Management led to greater human relations, Organizational Behavior and Organizational Psychology as fields of study, and is largely responsible for the improved working conditions, compensation, and benefits that employees now receive. 11

Fourth, Management Science continues to improve productivity and business performance in countless organizations by optimizing functions like scheduling, production, and distribution.

And finally, the Organizational Environment has contributed by helping businesses improve organizational structure, design, and competitiveness. So, it is without question that these management theories have had a dramatic impact on industry, society, and each of us as productive individuals.

Summary of management theory development over time

The following chart is a quick and simple summary of the three main eras of management theory, including the primary approaches and figureheads of each era:

While management theory has certainly evolved over time, the wide majority of past theories are still useful to this day. As a result, regardless of where you’re at in your personal and business development, knowledge of these management theories and philosophies will surely have an impact on your decisions as an owner or manager of a business.

  • The Open University . (2020). Discovering management .
  • The Wharton School . (2020). Management .
  • University of Minnesota . (2010). Sociology: Understanding and changing the social world .

D. S., & Cortes, A. H. (2019). Principles of management . OpenStax   ↩

Conerly, T. R., Holmes, K., & Tamang, A. L. (2021). Introduction to Sociology 3e . OpenStax.   ↩

Kelley School of Business. (2017). Practical management science, 6e .   ↩

London Business School. (2021). Management science and operations .   ↩

Weber, M. (1946). From Max Weber: Essays in sociology. Oxford University Press.   ↩

Reeves, M., Wesselink, E., & Whitaker, K. (2020). The end of bureaucracy, again?   ↩

MIT. (2021). Douglas M. McGregor .   ↩

Morse, J. J., & Lorsch, J. W. (1970). Beyond theory y .   ↩

Levy, D. (2005). George B. Dantzig, operations research professor, dies at 90 .   ↩

Katz, D. (1966). The social psychology of organizations .   ↩

Spielman, R. M., Jenkins, W. J., & Lovett, M. D. (2020). Psychology 2e . OpenStax.   ↩

Patrick Ward

Written by Patrick Ward Follow

Featured articles.

How to Demonstrate Willingness to Learn [Resume, Interview]

How to get an mba without a bachelors degree in 2023, how to keep employees happy without a raise, how to outsource in the philippines (for tech companies), bpo meaning: business process outsourcing explained.

business management theory essay

The Management Theory of Max Weber

Table of contents.

business management theory essay

Max Weber, a German sociologist, argued that bureaucracy was the most efficient model for private businesses and public offices. His theories influenced generations of business leaders and politicians well into the 20th century. Weber’s theory of management, also called the bureaucratic theory, stresses strict rules and a firm distribution of power. 

The management theory of Max Weber

graphic of people with a bullseye and hourglass

Weber believed that bureaucracy was the most efficient way to set up and manage an organization and necessary for larger companies to achieve maximum productivity with many employees and tasks. 

“Precision, speed, unambiguity, knowledge of files, continuity, discretion, unity, strict subordination, reduction of friction and of material and personal costs — these are raised to the optimum point in the strictly bureaucratic administration,” Weber said. 

In an ideal bureaucracy, everyone is treated equally and work responsibilities are divided by each teams’ areas of expertise. A well-defined hierarchical business management system supports this, providing clear lines of communication and division of labor based on the layer of management one worked in. 

Advancement in the organization is determined solely on qualifications and achievements rather than personal connections. Weber believed the work environment should be professional and impersonal — “work relationships” are strongly discouraged. Overall, Weber’s ideal bureaucracy favors efficiency, uniformity and a clear distribution of power.

How Weber’s theory applies to SMBs

Small and medium-sized businesses (SMBs) can implement some of the emphasis on efficiency outlined in Weber’s theory, to the benefit of their company. One great example is that a bureaucracy can encourage impartiality and fairness. This tends to give employees peace of mind and faith in the fairness of the business, which can be helpful to morale.

Having clearly defined rules for your company, such as an employee handbook, can help protect the business and its employees. Doing so provides a single, easily referenced source for things like proper attire, company values and appropriate behavior toward fellow employees and customers.

Standard Operating Procedures is another document in alignment with Weber’s theory. This creates clear instructions, standards and best practices for job-related tasks performed by your employees. Having a set of rules in place, such as how equipment should be operated, can reduce workplace injuries. 

A clear division of labor and specialization removes confusion and prevents wasted time easily by defining the responsibility of each role within the business. It also allows employers to develop specific areas of expertise the business can use in the most effective roles.

Small businesses can benefit from creating documents that clarify the company hierarchy as well. Having a clear understanding of the power structure improves efficiency by providing employees with a centralized list of who to report to or contact for help depending on the situation. It also allows employees of the same level to feel equally responsible and empowered to perform their assigned tasks.

No matter what elements of Weber’s you choose to implement, be mindful of how you do so. There can be bureaucratic pitfalls, such as clouding company transparency, allowing fear of bureaucratic consequences to minimize freedom so your company appears backward-looking and having so much paperwork and extensive rules that the “red tape” reduces efficiency. Keep your goals in mind, make sure those priorities are clear, eliminate any unnecessary paperwork and empower and reward your employees . 

Another efficiency-emphasizing management theory by Frederick Taylor implements a reward system.

6 characteristics of bureaucracies identified by Weber

According to Weber, these are the six characteristics of bureaucracy:

  • Task specialization (division of labor): Weber felt that task specialization promotes the timely completion of work at the highest level of skill. Tasks, therefore, in Weber’s ideal organization are divided into categories based on team members’ competencies and areas of expertise. Employees and departments have defined roles and expectations in which they are responsible solely for the labor they do best. This is designed to maximize efficiency for the organization. Overstepping one’s responsibilities, such as presenting new ideas outside of your department’s scope, is generally frowned upon.
  • Hierarchical management structure: Weber advocated that management should be organized into layers, with each layer being responsible for its team’s performance. Weber believed that each layer of management should provide supervision to the layers below them while being subject to the control of those above them. Thus, individuals at the top of the management hierarchy have the most authority, while those at the bottom have the least power. This hierarchical structure delineates lines of communication, delegation and the division of responsibilities.
  • Formal selection rules: In the ideal organization, Weber believed that employees should be chosen based on their technical skills and competencies, which are acquired through education, experience or training — no other factors should be considered. Since workers are paid for their services and services are divided by job position, an employee’s salary is entirely dependent on their position. Contract terms are also entirely determined by the organization’s rules and regulations and employees have no ownership interest in a company.
  • Efficient and uniform requirements: Employees, argued Weber, should always know exactly what is expected of them. In the ideal organization, the rules are clearly defined and strictly enforced. This promotes uniformity within the organization and keeps the company running as smoothly and efficiently as possible. If new rules and requirements need to be introduced, higher-level management or directors are responsible for implementing and enforcing them.
  • Impersonal environment: Under Weber’s theory, relationships between employees are to be professional only. The impersonal environment characterized by bureaucracies is designed to promote decision-making that is based solely on facts and rational thinking. It prevents favoritism or nepotism as well as involvement from outsiders or political influence, anything that could interfere with the mission of the organization.
  • Achievement-based advancement: Weber felt that promotions within an organization should be based solely on achievement, experience and technical qualifications. Personal favors, relationships or personality traits should not factor into personnel decisions.

For a theory more focused on efficiency through reducing tasks and motions, explore Frank and Lillian Gilbreth’s management theory .

Other characteristics of the ideal bureaucracy

graphic of people in an office sharing ideas

Clearly defined job roles

Weber believed that responsibilities should be delegated based on skill and ability. There should be no flexible roles. Rather, employees should be aware of their position’s responsibilities and stick to them. Straying outside of their designated roles only disrupts the hierarchy of authority. Therefore, collaboration, creative thinking and idea pitching are also strongly discouraged. Also, workers should respect their supervisors and not overstep boundaries.

For a theory that integrates power between employees and managers, see Mary Parker Folett’s principles .

Meticulous record-keeping

According to Weber, leaders should take notes on every position, occurrence or concern that involves the company. That way, they can refer to it later and handle any issues accordingly. For instance, managers should record every responsibility of every role in the company so there are no misunderstandings. If an employee calls out sick or shows up late to a shift, their manager should keep tabs to ensure there are no negative patterns. 

Additionally, workers should track their hours and record their daily assignments and progress. Managers have the right to know how their employees are using (or abusing) their time.

Hiring based solely on specific qualifications

Weber advocated that only the most ideal candidates with the exact skill set required for the position should be hired to ensure the best results. There should be no nepotism or exceptions; only those individuals with the right skills and expertise who meet the high standards of the organization should be hired. If a person is not perfectly qualified, they are not a fit.

Work-appropriate relationships only

Weber did not condone any type of personal relationship in the workplace. He supported the notion that all work relationships are bound by rules and regulations. There should be no small talk, collaboration or sharing of ideas. Work is work, it isn’t a social outing. 

Sammi Caramela contributed to this article.

thumbnail

Get Weekly 5-Minute Business Advice

B. newsletter is your digest of bite-sized news, thought & brand leadership, and entertainment. All in one email.

Our mission is to help you take your team, your business and your career to the next level. Whether you're here for product recommendations, research or career advice, we're happy you're here!

Cart

  • SUGGESTED TOPICS
  • The Magazine
  • Newsletters
  • Managing Yourself
  • Managing Teams
  • Work-life Balance
  • The Big Idea
  • Data & Visuals
  • Reading Lists
  • Case Selections
  • HBR Learning
  • Topic Feeds
  • Account Settings
  • Email Preferences

The Theory of the Business

  • Peter F. Drucker

Not in a very long time—not, perhaps, since the late 1940s or early 1950s—have there been as many new major management techniques as there are today: downsizing, out-sourcing, total quality management, economic value analysis, benchmarking, reengineering. Each is a powerful tool. But, with the exceptions of outsourcing and reengineering, these tools are designed primarily to […]

Not in a very long time—not, perhaps, since the late 1940s or early 1950s—have there been as many new major management techniques as there are today: downsizing, out-sourcing, total quality management, economic value analysis, benchmarking, reengineering. Each is a powerful tool. But, with the exceptions of outsourcing and reengineering, these tools are designed primarily to do differently what is already being done. They are “how to do” tools.

business management theory essay

  • PD Peter F. Drucker (November 19, 1909 – November 11, 2005) was an Austrian-born American management consultant, educator, and author whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives, and he has been described as “the founder of modern management.”

Partner Center

Mary Follett and Management Theory Essay

Introduction.

Management theory is the foundation of a successful business. Leaders and managers of any type of organization may learn from the tested and tried management concepts. There are four major areas involved in the management theories: the Elton Mayo’s Hawthorne Works experiment and human relations, Fredrick Taylor’s Scientific Management, Henry Fayol’s views on the administration and Max Weber’s idea of bureaucracy.

This literature review is about the management theory. It aims at discussing Follett’s concepts and ideas. The paper will discuss these concepts and perform an evaluation of the relevance of the values and the performance of managers in the 21 st century. It will also present the observations about the environment where the theories can be applied and the success that can be achieved as a result (Jones, 2011).

Mary Parker Follett, a prophet of management, argues in her theory of management that she is actually a “bridge of the troubled management waters”. She asserts that whether management is viewed from the governmental policy concept or just from the corporate American concept, it is still in disarray. The concepts, principles and theories as well as the research driven by the practitioners and the empirical researchers have settled in a new impasse.

Other theorists concur with Follett in admitting that management has been of assistance in the process of nurturing questionable concepts, dysfunctional theories and the challenging real world practices in business. Follett suggests that the art of management cannot be examined empirically.

The art of administration and the art of leadership were genuinely understood by Mary Follett. This is from the fact that she avoided the relentless empiricism that is continually unfolding today and at the same time approached her studies with a scientific eye (Ghoshal, 2005).

Follett in her management theory seems very right as an administrative and organizational scholar who has the idea of the limits in conveying the endless amount of existing data. Follett asserts that even if the amount of data collected is as much as possible and analyzed as well as possible, still most of the phenomena she comprehends would still remain scarcely illuminated and revealed.

However, even in the current troubled public policies, Follett still seem to have insight and advice for the government and the concerned parties in the management. Follett advocates for human relations and put equal emphasis on the operational and mechanical emphasis in the management concept.

Her work somehow contrasted with that of Fredrick Taylor, Scientific management. In her management concept, she stressed on the interactions and relationships that exists between the managers and the workers. She has a holistic look at the concept of leadership and management and presages the modern systems of approaches.

Follett identifies a leader as that person who is able to see a whole rather than a particular. Today she still remains one of the first few theorists who integrated the organizational conflict idea and concept into a management theory (Follett, 1925). Hence she is considered the “mother of conflict resolution”

In the 21 st Century, managers are very relevant and valuable in any organization. They determine what goes around the organization and the activities within the environment. Whether an organization ends up making profits or losses, it is the responsibility of the manager and he or she is usually held accountable.

The evidence of the relevance of managers is in the conflict that arises from the internal monitoring of the organizational events that may lead to either a positive abnormal returns or negative abnormal returns. The hypotheses that arises from this are that either a positive real effect resulting from anticipated resignation of a poorly performing manager or a negative effect of the information in case the change alerts worse management performance than what was initially anticipated.

The role of manager is not just to exercise power. According to Follett, she coined power into two; power over and power with. She did this to differentiate participative decision making from the coercive power. Power with has greater returns that power over. She continues and says that genuine power is that which will always inheres in any given situation (Follett, 1924).

In summary, this literature review was about the management theory specifically the concepts of Mary Follett. The paper has described the background of the management theory and stated the theorists that originally came up with the ideas about management. Follett as a management theorist has been focused on and her concepts elaborated in this paper. The paper has also discussed the relevance of the values and the performance of managers in the 21 st century.

It is evident from the paper that management is not just exercising power over the workers but inclusive and participatory decision making (Pfeffer, 2005). From the literature review, we learn that Mary Follett made an assertion that even if management is looked at from the governmental policy concept or just from the corporate American concept, it still remains in disarray.

The concepts, principles and theories as well as the research driven by the practitioners and the empirical researches have settled in a new impasse. Hence Follett is the mother of conflict “resolution.”

Bibliography

Follett, M. 1924. Creative Experience . New York: Longmans, Green and Co.

Follett, M. P. 1945. Dynamic Administration. New York: Longmans, Green and Co.

Ghoshal, S. 2005.Bad Management Theories Are Destroying Good Management: Practices. Academy of Management Learning & Education, 4 , 75–91.

Jones, W. 2011. Contemporary Management. London: Prentice Hall

Pfeffer, J. 2005. Why Do Bad Management Theories Persist: A Comment on Ghoshal. Academy of Management Learning & Education, 4 , 96–100.

  • Chicago (A-D)
  • Chicago (N-B)

IvyPanda. (2022, April 13). Mary Follett and Management Theory. https://ivypanda.com/essays/management-theory-essay/

"Mary Follett and Management Theory." IvyPanda , 13 Apr. 2022, ivypanda.com/essays/management-theory-essay/.

IvyPanda . (2022) 'Mary Follett and Management Theory'. 13 April.

IvyPanda . 2022. "Mary Follett and Management Theory." April 13, 2022. https://ivypanda.com/essays/management-theory-essay/.

1. IvyPanda . "Mary Follett and Management Theory." April 13, 2022. https://ivypanda.com/essays/management-theory-essay/.

IvyPanda . "Mary Follett and Management Theory." April 13, 2022. https://ivypanda.com/essays/management-theory-essay/.

  • The Value and Relevance of Three of Follett’s Ideas for Managers in the 21st Century
  • Three of Follett’s ideas for managers in the 21st century
  • Management Development: Mary Parker Follett's Contribution
  • Social & Political Theory
  • A World in Disarray Book by Dr. Richard Haass
  • “The Principles of Scientific Management” by Fredrick Winslow Taylor
  • Fredrick Douglas Characters. Impact of Slavery
  • Fredrick Douglass' “What to the Slave Is the Fourth of July?”
  • Management practice by Fredrick Taylor
  • Lessons from Fredrick Douglass’s Life
  • Autocratic Leadership Versus Participative Theory
  • Theory of Planned Behavior: Principles and Practices
  • Theory of planned behaviour
  • The Role of HR Management in Facilitating the Individual Adaptation of the Employees
  • Health and Safety in Organizations

business management theory essay

Everything you need to know about IB Business Management Extended Essay

  • January 27, 2023
  • IB Extended Essay (EE)

Everything you need to know about IB Business Management Extended Essay

Table of Contents

  • 1 Business Management Extended Essay
  • 2 Formulating an Extended Essay Title and Research Question
  • 3.1 1) Choose a topic which interested and engages you 
  • 3.2 2) Understand the EE requirements 
  • 3.3 3) Create a research question and write an outline 
  • 3.4 4) “Choosing” a supervisor 
  • 3.5 5) The EE is not an Internal Assessment 
  • 3.6 6) Achieving the A grade
  • 3.7 7) Analyse and Evaluate 
  • 3.8 8) Meet deadlines 
  • 3.9 9) Presentation and Referencing 
  • 3.10 10) Reflect, Reflect, Reflect 
  • 4.1 The following are not included in the word limit: 
  • 4.2 The following style of presentation: 
  • 4.3 Cover Page should contain the following information: 
  • 4.4 Grade Boundaries:
  • 4.5 Assessment Criteria:
  • 4.6 Criterion A – Focus and Method 
  • 4.7 Criterion B – Knowledge and Understanding 
  • 4.8 Criterion C – Critical Thinking 
  • 4.9 Criterion D – Formal Presentation 
  • 4.10 Criterion E – Engagement
  • 5 Tools, Techniques and Theories for the Extended Essay 
  • 6 Tools, Techniques and Theories beyond the IB BM Syllabus 
  • 7 Research Question Examples – 

Business Management Extended Essay

The Extended Essay is a core element of the IB Diploma Programme . It provides students with an opportunity to carry out in-depth research in an area of personal interest. It required around 40 hours of work by the student. The formal requirements of the Extended Essay, such as the formulation of an appropriate research question, writing the essay within the 4,000 word limit, and including proper citation and referencing throughout the essay. 500 words for the RPPF (Reflections on Planning and Progress Form). There are three compulsory reflection sessions, ending with a viva voce. The business management extended essay must be firmly based on accepted Business Management theory. It required application of theory, tools and techniques to produce a coherent and structured essay. It involves broad and detailed research using a range of secondary sources. 

Formulating an Extended Essay Title and Research Question

All extended essays require both a title and a research question. The title should be a clear and focused summative statement that provides the reader with an indication of the research topic. The research question must be phrased as a probing question, i.e. one that demands inquiry and is worthy of investigation. The research question should allow students to show and use a variety of analytical tools, theories and techniques. This is often supported by statistical data to assist discussion and evaluation. 

When selecting your topic and research question, keep the following in mind: 

  • Choose a subject and topic that interests you 
  • Construct a research question that is worth of study and has academic rigour 
  • Ensure there are sufficient secondary resources and materials to address the research question. 
  • Ensure the topic is neither too narrow nor too broad 

Tips for writing Business Management Extended Essay 

1) choose a topic which interested and engages you  .

Read the BM syllabus and identify those areas which interest you most. For example, consider how your interests or hobbies in real life can be linked to business management. Read about the topic area and try to find relevant information to support your work. 

2) Understand the EE requirements  

There are four important documents you need to read before starting your extended essay – The general assessment criteria, subject specific assessment criteria, examiner report, and an example of an excellent A graded business management extended essay. As this will show clearly what needs to be done to score high. 

3) Create a research question and write an outline  

The research question can be forward looking. Your outline, of around 400 words in length, should include the possible research question. Explain why you are interested in this topic and why it is important to study as a BM student. 

4) “Choosing” a supervisor 

The supervisor will be someone who teaches you. By preparing a concise outline and having a reasonable understanding of the EE will encourage the supervisor that your EE journey will be successful. The supervisor can help focus the research question more clearly if need be. All students need to impress supervisors that they will work diligently to undertake background reading on relevant theories and will be fully committed to the EE process.

5) The EE is not an Internal Assessment 

The Higher Level Business Management IA is based on primary research. An A grade for the Extended Essay in Business Management can be awarded without doing any primary research. Both IA and EE should include tools with appropriate explanation of the content or their significance. 

As the EE is an academic piece of work, the examiner will positively mark those who go beyond what is on the syllabus, such as Porter’s Five Forces or Blue Ocean Strategy. Another approach by astute students is to relate their essay through all the CUEGIS concepts. The EE research question for most students should require analysis and evaluation of a strategic issue for an organisation which can be linked  to these key concepts. 

6) Achieving the A grade

The EE requires a lot of background reading as its success depends on secondary research.  Schools will provide students with a sufficient time frame to conduct the necessary reading of academic journals and sources. Start reading as soon as your supervisor has agreed to the research question. Identify possible secondary sources which provide balance.

The role of the school librarian is especially important as they show students how to use online databases, how to cite and reference appropriately. Do not rely on the Internet for all your sources. 

7) Analyse and Evaluate  

Assessment Criterion C is titled “Critical Thinking” and is marked out of 12. Many students tend to describe rather than analyse and evaluate. To show evidence of critical thinking, students should use phrases like “In the short (or long) term…” and “the most significant factor is… because…”. This enables you to prioritise issues which you think are most important in addressing the research question. For all essays, the arguments should be balanced (for and against) and allow the research question to be answered at the end in a considered way.

8) Meet deadlines  

Schools create deadlines for students’ own good! Although the EE takes about 6 to 8 months to complete, by the time students identify a question and do the final reflection (viva voce), this process could be closer to one year. Students should set aside time between deadlines so they can clearly think through what needs to be completed and then progress with the writing process.

Use the summer holidays wisely. Students may get up to 2 months break. Dedicate time spread over several weeks to re-read your EE and to make edits. This will help you to make steady progress and meet the EE deadlines in the following academic year.

9) Presentation and Referencing 

Too often, the issue is not the quality of the content of the essay, but marks are lost because of poor presentation and referencing. Assessment Criteria D (Presentation) is worth 4 marks. 

The six required elements of the EE: 

Title Page 

  • Title of the essay 
  • Research Question 
  • Subject (i.e. Business Management) 
  • Word Count 
  • Candidate Code 
  • Contents Page 
  • Introduction 

Body of the essay 

  • Conclusion 

References and Bibliography

Format for the EE includes: 

  • Size 12 font, Arial or Times New Roman recommended 
  • Double Spacing 
  • Page numbering 
  • File size no larger than 10MB

The Word Count includes: 

  • Quotations 

Clearly reference using a recognized system, such as APA or MLA.  As the EE is based on secondary research, ensure you cite and referencing throughout the essay.If you use diagrams, ensure these are labelled clearly and make sure you explain them in the context of your research question. 

10) Reflect, Reflect, Reflect 

Reflections are worth 6 marks. There are three formal reflection sessions held between the EE supervisor and students:

  • The first reflection happens during the beginning stages of the EE, where the student describes how they will approach the essay (methodology) and possible concerns.
  • The interim reflection is analytical and happens around the middle of the EE process. Students comment on what they are doing well, where they are struggling and how they will address problems.
  • The final reflection, called the viva voce, is evaluative and takes place after the EE is completed. Students comment on the success of the essay and their learning journey.

In the reflection, give specific examples about the EE, rather than writing generally. Write about the focus of the research question in the first reflection, not your interest in BM or desire to use the EE as a pathway to studying BM at university. The total length of the three reflections is 500 words; the examiner will not read beyond this point.  Each of the three reflections should be around 160 words, perhaps a little more for the final reflection.

Note the following Key Points while writing the Extended Essay – 

The following are not included in the word limit: .

  • Acknowledgements 
  • Charts, Diagrams, Annotated Illustrations 
  • Tables (of data, but not text or analysis) 
  • Calculations, Equations or Formulae 
  • References, Citations, Bibliography 
  • Footnotes or Endnotes 
  • Appendices 

business management theory essay

The following style of presentation: 

  • Font Style – Times New Roman or Arial 
  • Font Size – 12 
  • Line Spacing – Double
  • Numbered Pages 

Cover Page should contain the following information: 

  • Subject – Business Management Extended Essay
  • Session – May 2023

Grade Boundaries:

Assessment criteria:, criterion a – focus and method .

The research question is clearly stated and focused.

  • The research question is clear and addresses an issue of research that is appropriately connected to the discussion in the essay.

The methodology of the research is complete.

  • An appropriate range of relevant source(s) and/or method(s) has been selected in relation to the topic and research question.
  • There is evidence of effective and informed selection of sources and/or methods.

Criterion B – Knowledge and Understanding 

Knowledge and understanding are excellent.

  • The application of source materials is clearly relevant and appropriate to the research question.
  • Knowledge of the topic/discipline(s)/issue is clear and coherent and sources are used effectively and with understanding.

Use of terminology and concepts is good.

  • The use of subject-specific terminology and concepts is accurate and consistent, demonstrating effective knowledge and understanding.

Criterion C – Critical Thinking 

The research is excellent.

  • The research is appropriate to the research question and its application to support the argument is consistently relevant.

Analysis is excellent.

  • The research is analysed effectively and clearly focused on the research question; the inclusion of less relevant research does not significantly detract from the quality of the overall analysis.
  • Conclusions to individual points of analysis are effectively supported by the evidence.

Discussion / evaluation is excellent.

  • An effective and focused reasoned argument is developed from the research with a conclusion reflective of the evidence presented.
  • This reasoned argument is well structured and coherent; any minor inconsistencies do not hinder the strength of the overall argument or the final or summative conclusion.
  • The research has been critically evaluated.

Criterion D – Formal Presentation 

Presentation is good.

  • The structure of the essay clearly is appropriate in terms of the expected conventions for the topic, the argument and subject in which the essay is registered.
  • Layout considerations are present and applied correctly.
  • The structure and layout support the reading, understanding and evaluation of the extended essay.

Criterion E – Engagement

Engagement is excellent.

  • Reflections on decision-making and planning are evaluative and include reference to the student’s capacity to consider actions and ideas in response to challenges experienced in the research process.
  • These reflections communicate a high degree of intellectual and personal engagement with the research focus and process of research, demonstrating authenticity, intellectual initiative and / or creative approach in the student voice.

The Extended Essay incorporates all five ATL skills, which are essential at various stages of completing the EE. 

  • Students should work closely with their supervisor, thus developing their own communication skills when discussing their ideas and reflections.
  • This also provides students with opportunities to develop valuable social skills.
  • The student’s self-management skills are needed to conduct the research and to complete the essay in an academic and independent way.
  • To succeed in the EE, students must demonstrate their ability to think critically about the research, methodology, findings, and conclusions.
  • The EE require students to carry out extensive secondary research, including the use of primary research where appropriate

Students have opportunities to demonstrate their level of engagement with the EE process. These ATL skills are life-long skills that students will use and develop well beyond the IB Diploma Programme.

Tools, Techniques and Theories for the Extended Essay 

  • 1.3 – Ansoff Matrix 
  • 1.3 – SWOT Analysis 
  • 1.4 – Stakeholders analysis
  • 1.5 – STEEPLE analysis
  • 1.7 – Decision Tree 
  • 1.7 – Fishbone Diagram 
  • 1.7 – Force Field Analysis 
  • 1.7 – Gantt Chart 
  • 2.4 – Motivation  
  • 2.5 – Organisational culture
  • 3.3 – Break-even Analysis 
  • 3.4 – Final Accounts 
  • 3.5 – Profitability and Liquidity Ratio Analysis 
  • 3.6 – Efficiency Ratio Analysis
  •  3.7 – Cash Flow Forecasts 
  • 3.8 – Investment Appraisal 
  • 3.9 – Budgets
  • 4.2 – Position Maps 
  • 4.3 – Sales Forecasting 
  • 4.5 – BCG Matrix 
  • 5.1 – The Triple Bottom Line 
  • 5.5 – Cost to Make vs. Cost to Buy 
  • 5.6 – Research and Development 

Tools, Techniques and Theories beyond the IB BM Syllabus 

  • Blue Ocean Strategy 
  • Porter’s Five Forces Analysis 
  • Strategic Drift Theory 
  • Porter’s Generic Strategies 
  • Thomas-Kilmann’s Conflict Instrument 
  • Kotter and Schlesinger’s Change Management model 
  • Greiner’s Growth Model 
  • Bowman’s Strategic Clock 
  • Charles Handy 

Research Question Examples – 

  • Which promotional strategy has proved most effective in enabling Tata Coffee to gain market share in Mumbai in the past three years?
  • To what extent has the product extension strategy of Apple for its Apple TV service helped the company to remain competitive in Hong Kong?
  • How effective has McDonald’s franchise growth strategy been in improving its market share in Malaga, southern Spain?
  • To what extent has Starbucks’ use of social media marketing (SMM) increased its brand awareness in Singapore?
  • To what extent has Amazon’s acquisition of Souq.com contributed to its growth in Saudi Arabia?
  • To what extent has McDonald’s Ronald McDonald House Charities philanthropy programme motivated the company’s workforce in Chicago, Illinois?
  • To what extent has Nike’s above the line marketing strategies contributed to the company’s overall profitability?
  • To what extent is Ryanair’s corporate success in the European low-cost airline industry attributed to its “no-frills” pricing strategy?

You May Also Like!

Inside GWU George Washington University Admissions

Inside GWU: George Washington University Admissions

Table of Contents1 Introduction to GWU2 Admission Requirements3 Application Process4...

Inside Brown University Demystifying Admission Requirements

Inside Brown University: Demystifying Admission Requirements

Table of Contents1 Introduction to Brown University2 Admission Requirements for...

Emerson College Admission Requirements A Closer Look

Emerson College Admission Requirements: A Closer Look

Table of Contents1 Introduction to Emerson College2 Admission Requirements for...

Bowdoin Admission Requirements Your Path to Excellence

Bowdoin Admission Requirements: Your Path to Excellence

Table of Contents1 Introduction to Bowdoin College2 Admission Process and...

Boston University's Admission Requirements Unraveled

Boston University’s Admission Requirements Unraveled

Table of Contents1 Introduction to Boston University2 Requirements for Undergraduate...

BYU Admission Requirements A Closer Look

BYU Admission Requirements: A Closer Look

Table of Contents1 Introduction to BYU2 Overview of BYU’s Admission...

Leave a Reply Cancel reply

You must be logged in to post a comment.

We Are Here To Help You To Excel in Your Exams!

Book your free demo session now, head office.

  • HD-213, WeWork DLF Forum, Cyber City, DLF Phase 3, DLF, Gurugram, Haryana-122002
  • +919540653900
  • [email protected]

Tychr Online Tutors

IB Online Tutor

Cambridge Online Tutor

Edexcel Online Tutors

AQA Online Tutors

OCR Online Tutors

AP Online Tutors

SAT Online Tuition Classes

ACT Online Tuition Classes

IB Tutor in Bangalore

IB Tutors In Mumbai

IB Tutors In Pune

IB Tutors In Delhi

IB Tutors In Gurgaon

IB Tutors In Noida

IB Tutors In Chennai

Quick Links

Who We Are?

Meet Our Team

Our Results

Our Testimonials

Let’s Connect!

Terms & Conditions

Privacy Policy

Refund Policy

Recent Articles

International ib tutors.

IB Tutor in Singapore

IB Tutor in Toronto

IB Tutor in Seattle

IB Tutor in San Diego

IB Tutor in Vancouver

IB Tutor in London

IB Tutor in Zurich

IB Tutor in Basel

IB Tutor in Lausanne

IB Tutor in Geneva

IB Tutor in Ontario

IB Tutor in Boston

IB Tutor in Kowloon

IB Tutor in Hong Kong

IB Tutor in San Francisco

IB Tutor in Dallas

IB Tutor in Houston

IB Tutor in Chicago

IB Tutor in New York City

IB Tutor in Brooklyn

IB Tutor in Washington

IB Tutor in Berkshire

IB Tutor in Sussex

IB Tutor in Melbourne

IB Tutor in Western Australia

Ⓒ 2023 TYCHR ACADEMY | All Rights Reserved

business management theory essay

For all the results, Please Click here

Join the League

business management theory essay

ANNOUNCEMENT

Download our Successful College Application Guide developed by counselors from the University of Cambridge for institutions like Oxbridge  alongside other Ivy Leagues . To join our college counseling program, call at +918825012255

We are hiring a Business Development Associate and Content Writer and Social Media Strategist at our organisation TYCHR to take over the responsibility of conducting workshops and excelling in new sales territory. View More

  • Call to +1 844 889-9952

Management Theory Essay Examples for Free

Management theory proposes general frameworks for effective organization and control of organizations or businesses.

A good option for an essay in this field is to write about the five key management theories and compare them. Another idea is to concentrate on the correlation between these management theories and employee motivation within a company.

Below you will find a curated list of well-written free management theory essay samples. These papers created by the most talented students will motivate you for sure.

“Organization Development Quality Improvement Process” by V. E. Mccuiston

This report reviews the article “Organisation development quality improvement process: progress energy’s continuous business excellence initiative” by V. E. McCuiston and A. DeLucenay. Both of them reside in the United States of America. The content type is a journal article. The journal article is dated November/ December 2010 (McCuiston &...

Organizations and the Limits of Organizational Theory

For a long time, the study of organizations has been undertaken. This dates back to classical times till the recent times where scientific management theories have been developed. Despite the spirited effort, all the theories have been identified to have flaws in one point or the other. In his book...

Disaster Management: Business Priorities

Establishing Business Priorities Business priorities are needed to identify the most crucial issues or spheres of activity that leaders and employees need to focus on in order for an organization to function normally. They ensure that each member of a company is aware of the preferable course of actions in...

Management Research Methods: Literature Synthesis

Introduction The success of all the management programs, public policies and businesses depends on the depth of the research conducted before the establishment of the entities and during the daily running of the entities. This indicates that in to facilitate growth and development in management, the people involved need to...

Board of Directors Diversity: Scenario Analysis

Introduction Shareholders and investors often demand diversity in the boards of directors. Besides, there is plenty of scientific evidence that gender, cultural, ethnical, racial, age, class, and cognitive diversity enhance decision-making processes. In particular, board diversity contributes to better judgments when making hiring decisions and ensures better financial, economic, and...

Postmodernist Idea for Understanding Organizations

Introduction A proper understanding of an organization enables its management to accomplish the desired goals and objectives. The critical and post-modern theories offer a good approach that can be used to better understand organizations. Today, many organizations are going through major changes that necessitate a deeper level of understanding if...

Team Development Theories in Organizations

Introduction A team can be defined as a group of people who have come or gathered to work towards a common purpose or objective. Teams have always existed in many organizations and will continue to be there. Teams remain an integral part of an organization and its publics. Their importance...

Theoretical Roots of Employment Relations Theory

Employment relations can best be understood as the process of determining the interests of individuals, organizations, and groups through their representation, how those parties promote their interests, and how conflict is regulated and managed within national international, regional and organizational standpoints. However, it should be noted that this definition is...

Recruitment Theories in Organisations

Recruitment theory involves explanations on how organizations identify and select individuals to fill up positions within their firms. Some experts advocate for a resource-based view of human resources and a major theorist here is Barney (1991). In the theory, it assumed that employees are a scarce resource that is valuable...

Management Model of Baumol

Outline This study deals with the aspect of management model of Baumol in the context of Low Cost Airlines (LCA), with particular emphasis on the management theory of pricing as advocated by William Baumol. It is seen that the elasticity of demand does play an important role, as does the...

Management in the Global Economy

Abstract As corporations transcend boundaries and mobility of the workforce increases, business organizations around the world face changes that are unique to these times. The following paper enlists and discusses in detail the various problems that managers and administrators face in managing a globally diverse workforce. While the problems are...

Human Relations Theory: Overview

Introduction A common assumption in management today is that workers have other needs other than financial ones and that those needs must be acknowledged and taken care of by employers. This kind of thinking is derived from the human relations theory which postulates that employees are not driven by economic...

Organization: Leadership and Its Influence

Introduction Leadership in Management System of an organization is one of the most significant facets of the working framework. Thus, it is important to assess the importance of leadership and the influence of an individual as a leader within an organization. In order to develop a point in this paper...

Role of Stakeholders in HRD

Outline This article describes stakeholders, their role in HRD. It also explains the role and nature of learning and development in HRD. By using the example of Amway, which is a global multilevel or direct marketing company, the role of stakeholders in an organization and stakeholders make a significant effect...

Sustainable Development in Economy

Introduction Development is word that has been widely used to simply refer to the concept of rolling one surface over another which is much better than the first one in most aspects. On the other hand, sustainable development is the concept of putting into use all the resources available to...

The Nucor Company: Organizational Behavior

Introduction Organizational behaviour is an interdisciplinary ground enthusiastic to the better thoughtful and management of individuals at their occupations. Organizational behavior is essential since it helps in better interact-action and more efficiently with others in business. Every employee needs to have this at his work place since personal skills harmonize...

Critical Analysis of Management Theories and Concepts

Organization and managers continue to practice management based on traditional, old principles and functions which does not reflect the current economic situation such as inflation and credit crunch. Although the organizational environment has brought in new models in the organizational environment, managers need to be aware of the limitations and...

Information Systems: Enabling Technology or Strategic Weapon

This case study deals with analysis of information system implications in an organisation whether it enables the organization as a technology or acting as a strategic weapon. The organisation selected for the study is Ryanair which is a well functioning company in the field of low cost airline industry in...

Principal-Agent Theory for Business Strategy

Introduction When the company experiences difficulties in the HR sphere, which touch upon the marketing performance in general and the quality of performed job in particular, the essential redesign o the organizational structure is required. Moreover, the reward system should also be subjected to modifications, as it is the main...

T. Jackson’s on Management Theory and Practice

Introduction This paper discusses the essence and implications to management theory and practice of the article “Management of People across Cultures: Valuing People Differently” by Terence Jackson, which was published in the 2002 issue of the Human Resource Management journal. The article calls for a new emphasis in management that...

Management Principles: Description and Importance

Introduction A principle can be defined as a basic truth and this truth is stated in general terms in the way the interrelationship between cause and effect is shown. These principles thus give an account of general truth that provides a guide to the thinking pattern and measures to be...

Modern Corporations Characteristics

What is the role of the modern corporation and who should it serve? Modern organizations emerged as a business entity with the socio-economic objective and goals to perform their operations in a social society effectively. Each organization has its own framework designed in consideration of its major goals which shapes...

The Theory of Organization as the Science of Organizations

Executive Summary Organization theory is simply a cluster of objectives stemming from a definable field of study which can be termed organizations science. The study of organizations is a pragmatic science since its resulting expertise is ideal for problem-solving or managerial skills employed in the ongoing enterprises or institutions. Conventional...

Outsourcing Information Technology in Companies

Increasing technical complexity in developing firm-specific applications, rising labor costs for software maintenance and rapid obsolescence of information technology favor the shifting of internal IT costs to externally purchased services. Hence the need for outsourcing information technology function arises. Perhaps the most crucial contemporary issue of information management has become...

Business Management Project: Employee Motivation

Introduction Contemporary managers describe their profession as that of motivating their staff. In earlier times, this motivation was usually in form of whippings, dismissals or payment on tasks done. This eventually resulted in injuries, shoddy or poor quality work, and employee resistance/opposition. The managers then had little management skills and...

Organization Theory: Design and Change

Introduction Organizational theory is the study of organizations for the gain of identifying common themes which can be used for solving problems, maximizing productivity and efficiency and being able to meet the needs of the stakeholders. (Gareth, 2006). Problem statement As the manager of Unilever Service Company I have discovered...

Total Quality Management Analysis

Total quality management (TQM) is one of the most effective and successful approaches to quality improvements and controls proposed by E, Deming. Achieving quality is more important than always trying to get the lowest price for supplies used in a product. It is better to pay more for good supplies...

Management Theories in History

Management is the process of people getting together to accomplish tasks as determined by the goals that are set by the organization. A whole lot of processes form the component of management, which includes planning, staffing, leadership, organizing and control of the organization, the ultimate goal of these functions being...

Maintaining Operations

Quality, cost, flexibility, and delivery are four critical aims of business operations that play a role in producing quality products for the customer, a duty that demands the cooperation of the whole firm and keen monitoring of management and quality (Shroeder, Rungtusanatham, & Goldstein, 2013). Quality implies that customers’ requirements...

Resource-Based Theories in Strategic Management

The article by Conner, 1991 titled “A historical comparison of resource-based theory and five schools of thought within industrial organization economics: Do we have a new theory of the firm?” is an empirical study on resource-based theories. The article first highlights the five main theories of the firm from industrial...

Performance and Career Management

Employee’s Name The employee inserts his/her name in the space Position The employee points out his/her current position Last Assessment The supervisor states the date of the last assessment of an employee Results The supervisor put his/her comments in respect of the overall results of the assessment. This may include...

Empowerment and Teamwork in Modern Management

Modern management incorporates team empowerment and teamwork in place of supervisory and having the necessary skills within a team ensures success of the concept of management. This modern technique of management utilizes teamwork among employees in organization. Since the use of teams to handle various organization responsibilities implies a shift...

Just-in-Time and Manufacturing Resource Planning

Two inventory systems, just-in-time and manufacturing resource planning, would be analyzed via this research paper. Their limitations and advantages would also be contrasted to prove a better inventory system. The APICs have defined Management Resource Planning (MRPII) as a method that allows for the effective planning of a manufacturing company....

Top Managers and Human Resource Management

The main issues and HRM problems in Part I The findings of the study indicate that the top managers are conservative, and thus they are reluctant to accept changes in organisational structure. Moreover, the top managers block the innovative, fresh, and educated middle-level managers who can drive the organisation towards...

ISO 9000 for Small Business Quality Systems

Quality standards and internal control are essential for businesses of any size. One of the universal quality standards is ISO 9000, whereas one of the means of internal control is internal audit. This work aims to discuss the use of ISO 9000 for small business’ quality systems and consider the...

Business Value Management and Theories of the Firm

Executive Summary Business decisions within a particular segment of a market, output, and pricing determine the components of a market structure. Hence, it is crucial to explore monopoly, monopolistic competition, oligopoly, and perfect competition when discussing market structure. In a particular market, technology, demand, and supply as well as the...

Management by Personality for Healthy Workplace

Introduction Shelton (1), states that according to the results of a study carried out by the Institute of Conflict Management in Los Angels, strained relationships between employees cause over 65% performance problems in organizations. As a result, in the last ten years, managers have had to double the time dedicated...

Stakeholder-Driven Change Management Strategy

Change and Communication Strategy In the modern dynamic organizational environment, change management is very important because it defines the ability of such an organization to remain relevant. It must ensure that it is capable of dealing with change in policy, law, or any other external environmental force that may require...

Frederick W. Taylor’s Management System

Introduction Since the times of Frederick W. Taylor, organizations from all over the world have been seeking the best ways to plan their work to do it faster and cheaper. Management has since then adopted what is regarded as the new paradigm, which aims at encouraging workers to work smarter...

Management Functions and Impact of Technical Approach

Introduction Managers usually have vital roles within an organization that are paramount to its success. However, managers have unique responsibilities and are considered to be the backbone of any organization and utmost necessity in creating and maintaining a healthy organizational culture within an organization. Managers provide an organization with some...

Achievement of Total Quality Management

Total Quality Management is a strategy that becomes a way of life for the company as it becomes a method of doing every possible activity in the company. But in order to be successful, it has to be introduced and led by top management. This is a fundamental requirement, and...

Leadership and Management: What Is the Difference?

Abstract Today it is apparent that there is need to understanding the relationship between management and leadership styles due to diversification in current employment patterns. Arguably, the discipline of management seems to be surrendering its role to that of leadership. On the other hand, leadership style is often a major...

Quality Management and Its Dimensions

Quality management can be simply described as continuous improvement in a product or service. However, to define quality effectively, eight dimensions can be used. According to Garvin (1987), there are eight classifications of quality that act as a platform for strategic quality examination. These areas are described below: The first...

Lean Manufacturing and Management

Manufacturing companies in the United States have continuously been looking for effective approaches and strategies which would facilitate a reduction in expenditure and at the same time enhance productivity thereby enabling them to ascertain a superior position in comparison to their competitors, with an escalation in the market share. The...

Leadership and Organizational Structure Theories

Leadership style Each organisation is unique in its own way, meaning that different organisations have different organisational culture, structure, mission and vision. Scholars of leadership have developed theories which explain the nature and style of leadership. The theories are based on traits of leaders, situations of leadership and behavior of...

The European Framework for Quality Management

Literature Review In the modern competitive business environment, the need to maintain high quality is increasing as firms try to remain relevant in the market. European Framework for Quality Management is one of the tools used to enhance quality within an organization (Rumane, 2016). This tool has been considered very...

Organisational Behaviour and Motivation Models

Organisational behaviour is widely-defined across different cultural and geographical regions. In this regard, the meaning of this term would tend to be different across various organisations, depending on cultural factors and geographical factors, among other influential aspects. Generally, this is the type of study normally carried out on organisations with...

Management Philosophies and Their Principles

Introduction Any sphere of activity demands some governance. Business is not an exception. Organizations require set guidelines, principles that govern the conduct of its members aimed at attaining its goals which can be also called philosophies. A philosophy in essence is a critical position about an issue, a perspective that...

ISO 9001:2000 Implementation in Business

Instructions The purpose of the Learner’s Log Book (LLB) is to document the achievements of the learner in a central repository that will be considered as evidence on the effectiveness of the learning process. It is a ‘monitoring tool’ that e-tutors use to report on individual learners’ progress and it...

Process Theories in Change Management

Introduction Change management is one of the courses that cannot be neglected or misunderstood. It helps to realize why so many things are changing around constantly, what has and can be expected from changes, how the process of change should be organized, and if it is possible to control changes...

The Evolution of Management Thought Essay

This paper is a summarization of theory notes and reflection about the importance of different management schools. Discover various management theories to make a conclusion of evolution of management thought. Management Thought Overview Management is the act of coordinating resources and activities in an organization to achieve certain goals and...

Total Quality Management: Process Improvement

Summary This paper explores several total quality management (TQM) tools that are currently being applied by businesses to improve their overall performance. Contemporary organizations deploy TQM tools to maximize their overall turnover and to increase their market shares. This paper explores three major tools that firms in the UAE use...

Business Organization and Total Quality Management

Introduction Quality is the key determinant and the most desired objective of doing business whether a company is involved in manufacturing or providing services. The concept of quality has changed over time, as new practices for achieving higher levels of performance have been introduced. Nowadays, there are numerous practices for...

Total Quality Management: Continuous Improvement

Summary Continuous improvement is one of the most popular topics in present-day management research. In this article, the author sought to understand the processes and dynamics of continuous improvement (CI) in two Finnish manufacturing organizations. In this article, CI is discussed as organizational renewal; the latter usually involves strategic and...

Management-Shareholders Dichotomy

The management and shareholders are the most two important stakeholders in an organization. The two stakeholders are so dependant on each other such that one can not do without the other (Hopper, 2012). Shareholders invest in an organization expecting to get profits from their investments while at the same time...

Nonaka and Takeuchi’s Knowledge Management Model

Introduction Modern management theorists both see knowledge as a key component that helps an organization remain competitive, especially in the modern business world that is characterized by high competition. For this reason, the concept of knowledge management remains one of the most discussed topics (Hislop, 2013). Current literature is replete...

Organisations Performance Appraisal: History and Challenges

Performance appraisal issues are at the centre of contemporary theoretical and practical discussions. With the growing intensity of business competition, organisations develop new strategies and tactics to retain the most prospective personnel. The growing attention to staff issues is logical and understandable, because human resources are unique, inimitable, and extremely...

Organizational Change in “The Heart of Change” Book

Introduction Successes in organizations come out because of their qualities which are intangible. The world of today is experiencing a variety of changes politically, socially, technologically and economically. The changes occur on a worldwide basis leading to improved communication among people. It has brought about the availability of readily shared...

The Relationship Between Employee Turnover and Organizational Performance

Background Information Employee turnover is a significant factor in the attainment of organizational goals and objectives. In addition, it is of vital importance to an organization’s employees. The retention of skilled and talented employees has become a major challenge for all organizations. In order to fully comprehend the rationale behind...

Business Excellence Models and Quality Assurance Standards

Introduction A standard may be understood as a document that contains guidelines, rules and requirements set out for a service, product or a process. It is created after a mutual consensus between relevant stakeholders, and is normally approved by an acknowledged body. The main purpose of having a standard is...

Motivation Theories and Practices in Organizations

Executive Summary This paper aims to analyze the motivational theories and investigate the rationality behind the frequently asserted statement that a manager cannot motivate the employees, rather he or she can merely construct an atmosphere where the employees can decide to motivate themselves. To conduct the assessment and reach a...

Management Theories in Addressing Economic Changes

Introduction Every organisation requires better leadership and management theories that would reap profits in the organisation. Organisations employ the use of various management and leadership theories towards the realisation of the ultimate organisational goals. Some of these theories have assisted the organisations in maximising profits while others have not favoured...

Theory X and Y in the Organizational Management

Introduction Theory X and Theory Y, as was advanced by Douglas McGregor, epitomize the complete opposite presuppositions of human conduct that are directly pertinent to the practice of management (Travis 827). In Theory X, individual conducts are regarded as revulsive to the work processes, immature, and require tight controls. On...

Henry Fayol’s Five Management Functions

Introduction According to McLean (2011), Henry Fayol proposed five functions of management namely: planning, organizing, commanding, coordinating, and controlling. He emphasized the unity of command whereby every employee report to one boss (Almashaqba and Al-Qeed 2010). This ensures that the employees are not subjected to conflicting commands from different supervisors...

Organisational and Management Theories

Introduction Management is the process of designing and sustaining a situation in which people are organised to work together as a group to attain the set goals. Managing focuses on improving productivity through effectiveness and efficiency of a given group with set goals (Shafritz & Ott 2005).The concepts and theories...

Frederick Taylor’s Scientific Management

Introduction People view the role of management as one that is shaped by a vigilant long-term thought. However, based on the lessons learned from the recent economic predicament, virtually no organizations see beyond a certain limit: they are struggling with the ever-transforming surroundings. The intense nature of competition in the...

Six Sigma Implementation Using Information Systems

Abstract The methodology called Six Sigma was designed by Motorola in 1985 as an efficient way to improve the quality of a complex system involving a lot of components, concepts, principles, actors, and tools. In a highly competitive business world, the approach has been gaining immense popularity as it allows...

Process Improvement in Total Quality Management

Summary This paper explores the topic of process improvement via total quality management (TQM). To achieve the stated objective, the paper explores the various tools that are currently being applied by businesses to improve their overall performance. Contemporary organizations deploy TQM tools to improve their processes to maximize their overall...

Industrial Management and Total Quality Management

Introduction With the intensifying competition in the global markets, organizations require systems that integrate all sectors so that managers can improve the performance of all departments of an organization. Total quality management (TQM) is applied in organizations to improve the performance of all sectors as well as link all stakeholders...

Six Sigma Quality’ Principles and Applications

Introduction Business environment is rapidly getting competitive, and firms are forced to find better ways of managing this competition. According to Sarkar (90), the current market competition has gotten so stiff that firms are finding it difficult to manage their operations without the threat of losing their market share. This...

Knowledge Management Theories in Business

Introduction Knowledge management in business has become one of the most important processes that aid organizations in governing the utilization, dissemination, and creation of knowledge. Randeree (2006, p. 145) posits that different organizations have developed an inherent interest in utilizing knowledge from employees for innovation, service provision, production, and management....

Project Knowledge Management and Decision-Making

Introduction This topic aims at establishing an understanding of how project managers and their teams obtain and share knowledge and the influence of the surrounding, among other factors, on their decisions. The topic covers various concepts and theories from different sources related to project management and knowledge exchange. In today’s...

Performance Feedback Skills

Introduction All organizations try to increase their productivity and gain market leadership. To help achieve this, the value of employees is great and many organizations are focused on ensuring that their employees perform optimally. To help measure performance, regular performance reviews are utilized. Evaluations can only be deemed as effective...

Power Vs. Control in Organizations – What Is the Difference?

Introduction This essay explores the concept of power and control in organizations. Whoever has power is able to exercise some form of control. Control is one of the most traditional functions or roles of management. The major aspect of this role is ensuring errors and mistakes are minimized in procedures....

Management Philosophies and Corporate Performance

Introduction Leaders often formulate management philosophies to chart the way forward for their organisations or institutions. These philosophies may guide people’s behaviours with the goal of fulfilling an organisation’s vision or mission.1 Management philosophies are typically nurtured in organisations using a top-down approach whereby new and existing employees are taught...

Business Research Methods

Factors considered when choosing a Research Methodology for a Business Problem On the whole in tackling a business problem, various issues inform the choice of methodology. These include: Ethical Issues and Dilemmas The relevance of business ethics to researchers in choice of methodology is insurmountable because ethical issues occur in...

Mindful Team Management and Positive Change

Principles of Empowerment, Teams, and Positive Change Empowerment in the workplace Evaluation and empowerment of employees’ professional skills are the main duties of every manager. One usually operates with a whole variety of data when performing those tasks. Normally, these data include reviews, targets, performance metrics, and several other operational...

Applying Business Intelligence System in the UAE

Introduction Business Intelligence (BI) encompasses IT solutions providing decision support with, chain end, monitoring reports and dashboards both analytical and has advanced visualization. The final aim of (BI) is to consolidate the information available within the organization’s databases. “The processes, technologies and tools needed to turn data into information and...

Business Excellence Quality Awards Comparison

Introduction A business excellence model is a framework, which a corporation can apply to help in focusing its actions and philosophies in a way that is more organized and efficient in order to generate to improved performances. The models should be able to put the focus on all dimensions of...

Can ISO 9000 Quality Assurance Standards Replace TQM?

Introduction The business environment is highly competitive, thanks to the prevailing technological advancement, globalization, and ever-changing customer preferences and expectations. As organizations strive to remain aggressive in terms of seeking to enhance customer satisfaction, the demand for quality services and processes features prominently. The field of quality management has attracted...

Organisational Behaviour, Leadership, and Culture

Introduction Working together towards a common goal yields a synergistic effect, thus leading to the attainment of goals that transcend the efforts of the different individuals working separately. Kaifi and Noori (2011) note, “In our modern world, teams are essential to everything individuals do in daily life” (p. 88). This...

Organizational Dynamics and Its Components

Introduction Strategy is a common term which is used in many circles. This is a common word that is used in the business and organization circles. It is a statement that is largely used in reference to organizational change (Cummings & Christopher 2008 ; Arora 2003). An action is referred...

Theories of Creativity, Innovation and Change in Business

Introduction Creativity, innovation, and change are interrelated phenomena affecting the operations in the organization. The human endeavor is characterized by creativity, in which the people and workers come up with new practical ideas to make the operation more efficient. Through creativity and innovation, one can add unprecedented value to the...

Single Project Level Management vs Portfolio Management

Preamble Single project level management and Portfolio Management are closely interlinked factors in the business operation milieu. The relationship between the two revelries can be conceptualized at a reasonably general level as portrayed in the back ground information garnered in this study. The two factors stage a rapport where a...

  • Accounting 519
  • Advertising 36
  • Brand Management 30
  • Branding 33
  • Business Analysis Case Study 1175
  • Business Communication 102
  • Business Ethics 321
  • Business Planning 24
  • Business Strategy 126
  • Career Planning 15
  • Company Analysis 1759
  • Corporate Culture 54
  • Corporate Governance 22
  • Decision Making 56
  • E-Commerce 70
  • Economics 406
  • Employee Relations 52
  • Entrepreneurship 82
  • Finance 338
  • Financial Management 299
  • Financial Markets 10
  • Human Resource Management 1454
  • Industries 89
  • Innovation 17
  • International Business 22
  • International Marketing 53
  • Leadership Styles 418
  • Logistics 134
  • Management 1684
  • Management Theory 84
  • Managerial Roles 22
  • Marketing 619
  • Marketing Planning 101
  • Marketing Strategy 133
  • Mission & Vision 20
  • Negotiation 17
  • Organizational Structure 18
  • Product Management 75
  • Risk Management 86
  • Strategic Management 412

business management theory essay

Business Management essay

Business management is essential for me because I have a great desire to successfully manage people and business projects, as well as to develop effective business-related policies.  I want to major in business in order to pursue my Bachelor’s Degree and become a true professional in business management. The reason that I am applying for the scholarship is that it will help me to pay for my academic tuition, academic resources (books, programs, etc.) and spend much more time on my studies.

Today I have to work full time in order to advance myself with a degree in business management. I am currently pursuing my Associate’s Degree, but I am not going to stop my education. To become a true professional in business management, it is necessary to learn more about the key business strategies that will help to enhance management practices and develop the proper skills and abilities. I am going forward to achieve my Bachelor’s Degree.

I am currently pursuing a career course that will help me to advance my leadership and management skills and have the opportunity to work in an advanced management field.  My specific academic goals contribute to my professional growth. Some of my academic goals include:

  • To develop effective leadership and management skills in order to apply these skills in practice;
  • To improve my academic performance in order to become more professional in decision making and goal setting practices;
  • To develop good technical skills in order to apply new technologies in business practices;
  • To learn more about business management strategies that could be applied in practice;
  • To learn how to identify and successfully resolve various organizational and business problems;
  • To develop my communication skills that are necessary in achieving strategic goals;
  • To learn more about strategic planning in business;
  • To use my skills and abilities to continue maintaining a “B” average;
  • To do everything possible to keep satisfactory attendance.

My career plans depend on my academic achievements and work experience. I know that business management is not an easy field to work in.  I will be focused on my professional development. My work experience involves dealing with conflicts within management, problem solving, decision making, critical thinking, discrimination, as well as personal development. I have been well trained to deal with standard operating procedures and implementation of such standards, to satisfy the Department of Defense and be in compliance with the established laws and regulations of our Federal Government.

In addition, I will do my best to develop professional skills in business management practices that will help me to make good management decisions in my future career. To be a good manager, it is very important to develop not only effective interpersonal communication skills, but also good intuition, which helps to make effective management decisions.  I need general knowledge in HR management, finance and accounting operations. I know that Bachelor’s programs in this field are effective in achieving the established academic goals. The greatest pleasure for me would be to pass exams successfully. I believe that my personal skills and abilities will be useful in achieving my academic goals. I am self-confident, hard-working and persistent. I know that to become a good manager I should study hard. I know that a good manager should be competent in three key areas: managing people; managing and developing processes and policies; and managing and developing oneself. I believe that my Bachelor’s program in business management will help me to develop the proper skills to become competent in the above mentioned areas. Today I pay due attention to my personal development. I successfully deal with stresses and conflicts. A good manager should know how to avoid stressful situations which may lead to conflicts in the workplace. Besides, I use my creativity in decision making process to demonstrate the best traits of my character. Innovative ideas in business management provide massive opportunities for successful implementation of the established strategic goals.

Thus, it is necessary to conclude that my specific academic goals and career plans will motivate me to study hard. I know that to become a professional in business management, it is necessary to never give up and be quick about solving any problem or overcoming any barrier.  I realize that my academic and career goals are the essential goals I should achieve in the nearest future. Achieving these goals will help to succeed in the realization of my personal potential in profession and career. Business management practices guarantee professional success if a manager is goal-oriented and creative. One of my great desires is to pursue my Bachelor’s Degree in order to become a true professional in business management. I believe that I will be able to apply my best skills and abilities to succeed in academic performance and become a well-trained specialist. My work experience will help me to be confident in everything I need to do to attain my academic goals and career plans.

Do you like this essay?

Our writers can write a paper like this for you!

Order your paper here .

IMAGES

  1. Business Management Theory

    business management theory essay

  2. Management essay

    business management theory essay

  3. The Top 10 Theories of Management (Guide Made Simple)

    business management theory essay

  4. Business management essay

    business management theory essay

  5. Management Theories Essay Example

    business management theory essay

  6. SOLUTION: Business management theory

    business management theory essay

VIDEO

  1. Making Theory Contributions in Management Research

  2. Management Application IMP Theory Questions #managementapplicationimp #tybaf

  3. International Business Management( talking about personal business philosophy

  4. Scientific Management and Bureaucracy in Healthcare Facilities

  5. business studies project #principles_of_management

  6. Business and Management Studies Subject Spotlight

COMMENTS

  1. PDF MANAGEMENT THEORY

    We focus in depth on the influence of the European Enlightenment on eighteenth and nineteenth century industrialism and the emergence of a possibly dominant paradigm in management theory in the twentieth century, namely 'Scientific Management' or 'Taylorism', as it became known.

  2. Business Management Theory and Philosophies Explained

    Patrick Ward Follow Aug 29, 2021 · 12 mins read What are the three management theories? The three main classifications of management theory are Classical Management Theory (1900s), Behavioral Management Theory (1910s), and Modern Management Theory (1940s).

  3. Management Theories and Success in Business Essay

    Introduction For any kind of business to be successful, different kinds of management theories must be implemented. In today's changing business organizations, the major functions of business management need to change as well in order to suit the managerial role.

  4. PDF Management: Theory and Practice, and Cases

    Abstract. This working paper reports on a major Harvard Business School project designed to enhance MBA and practicing executives in case learning. The work is built on the foundation of HBS field cases employing the monomyth "hero's journey" classic story structure along with the creation of associated fictional case characters designed ...

  5. How to Use the Management Theory of Max Weber

    The management theory of Max Weber. Weber believed that bureaucracy was the most efficient way to set up and manage an organization and necessary for larger companies to achieve maximum productivity with many employees and tasks. "Precision, speed, unambiguity, knowledge of files, continuity, discretion, unity, strict subordination, reduction ...

  6. Management theories

    Management theories Essay Exclusively available on IvyPanda Table of Contents Introduction Henri Fayol is believed to be the founder of contemporary management theory which is drawn from his extensive experience in the management field.

  7. Theory, explanation, and understanding in management research

    In management (including strategic management) literature, inquiry into the nature of theory and theory building typically analyzes the epistemological and methodological assumptions that underpin research (Rabetino et al., 2020). Authors who contribute to such discussions reveal how they conceive of the process of management research as it is ...

  8. Are Our Management Theories Outdated?

    Gianpiero Petriglieri. Summary. Management thinking and practice have reached an inflection point. This "mid-life crisis" of management bears much resemblance to the same phenomenon in our own ...

  9. Management Theories: The Contribution of Contemporary Management

    Three distinctive schools of thoughts included in this essay are namely, classical management theory, neo-classical management theory and modern management theory respectively.

  10. The Theory of the Business

    The Theory of the Business. Not in a very long time—not, perhaps, since the late 1940s or early 1950s—have there been as many new major management techniques as there are today: downsizing ...

  11. Mary Follett and Management Theory

    Management theory is the foundation of a successful business. Leaders and managers of any type of organization may learn from the tested and tried management concepts.

  12. Evolution of Management Theory

    According to Koontz and Weihrich3 (2008),'Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." Why should we study Management Theory? Theories are perspectives with which people make sense of their world experiences.

  13. Business Management Essay

    Introduction Business management is the act of unifying people to accomplish the desired goals and objectives of a business. Business management requires the exploitation of the business' resources in the most efficient manner possible.

  14. Business Model Theory and Research: A Philosophical Discussion

    Business Model Theory and Research: A Philosophical Discussion Authors: Arash Najmaei MGSM, ACU and ICMS Zahra Sadeghinejad Business model concept is increasingly receiving attention of...

  15. The Importance Of Business Management Theory

    A Business Management Theory is a study of the principles and practices of a business to attain the desired organizational goals conducting effective management.

  16. Business Theory Essays: Examples, Topics, & Outlines

    Business Theory Relationship Between Stakeholders. PAGES 15 WORDS 4990. As the proceedings of the past few years have shown, these labors, regrettably, have not prevented companies from engaging in unethical behaviors that lead to larger corporate disgraces. As a result there is augmented force to make accessible more structured power and ...

  17. Management Theory and Practice Essay Example [Free]

    Let's start 322 specialists online Following Linstead et al (2004), the main concepts of modern organizations involve managing motivation, leading and managing, team management, conflict management, management of change, decision-making, networks and inter-organizational relations, etc.

  18. Management Theories

    Pages • 1. Paper Type: 300 Word Essay Examples. There are three main theories of classical management which were developed by different people. They include bureaucracy (Weber), scientific management (Taylor) and the administrative theory of Henry Fayol.

  19. Everything you need to know about IB Business Management Extended Essay

    TYCHR Table of Contents 1 Business Management Extended Essay 2 Formulating an Extended Essay Title and Research Question 3 Tips for writing Business Management Extended Essay 3.1 1) Choose a topic which interested and engages you 3.2 2) Understand the EE requirements 3.3 3) Create a research question and write an outline

  20. Management Theories Essay

    A management theory is a collection of different ideas that are used to outline the general rules for how a business or organization will manage itself (Business Dictionary, n.d.). Every organization uses management or managerial theories as the foundation in which they use to implement, help increase productivity, and service quality ...

  21. Management Theory Essays (Examples)

    Management Theory According to Experience. PAGES 11 WORDS 3200. Leadership is an ability which, either inborn or developed through hard work and ingenuity, presents the members of the organization with a paragon to forging action. toward rational goals. hile it is the responsibility of managerial.

  22. Management Theory Essay Examples for Free

    Management theory proposes general frameworks for effective organization and control of organizations or businesses. View more "Organization Development Quality Improvement Process" by V. E. Mccuiston Words: 1102 Pages: 4 On-Time Delivery! Get your customized and 100% plagiarism-free paper done in as little as 3 hours Let's start

  23. Business Management essay

    Business management is essential for me because I have a great desire to successfully manage people and business projects, as well as to develop effective business-related policies. I want to major in business in order to pursue my Bachelor's Degree and become a true professional in business management. The reason that I am applying for the ...