Application of management theories

This is about the use of management concepts, theories and analytical techniques to provide advice and practical information that will aid managerial planning and decision-making tasks. As decision-making is an everyday activity of the human life, so also it is for any enterprise. Quality decisions which are informed by systematic analysis of relevant information are sine qua non to business growth continuity. Decisions are not to be made arbitrarily like the manner of some business owners are. Moreover, decision-making is not an activity exclusive to top management but should be something every member of staff is allowed to take part in doing. All employees must be thought on how to make a well constructive analysis of available information to make quality decisions. This means organisational learning is important for all members of staff. Different theories should be considered from the academic view-point in the process of decision-making without any biases. These theories are then to be correctly applied to improve business processes at various business areas. Hence, to drive organisational learning, tangible effort should be made to train staff on how to use a number of management tools. For example, knowledge mapping could be used where application of these theories have previously been documented. Image

16 thoughts on “Application of management theories”

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