The paper "Extent of Development in the Management Practice and Theory" is an outstanding example of management coursework. Management is one of the most critical factors in human activities. Through the time people began forming the social organizations of accomplishing the aims and objectives that they failed to achieve as individuals, management has been essential in ensuring the coordination of the individual efforts. With the society continuously relying on the group efforts and most organized groups becoming large, the role of the managers has been increasing in complexity and importance.
As a result, the managerial theory has become important in the manner in which the managers manage complex organizations (Bush, 2003. 205). There have been evolutions in management thinking and practice over the last century due to an increased understanding of the organizational and human behavior, historical context, the economic climate, and changes within the generation over time. Nonetheless, if there is honesty, it is significant to note that the practices used today are due to the consulting industry playing on the aspirations and fears through selling the products and services causing more problems than the solutions.
It is time to rethink management practices and theories. Both the history of management and human society are old (Neely, 2007, 145). The emergence of the human race is followed closely with the outcropping on different social groups aiming to achieve the goals which are not achievable by individuals. Hence, management became an important instrument for the coordination of different human efforts. The Concept and Development of Management Considering that the society is increasingly becoming based on the efforts of the groups and organized groups becoming larger, the significance and complexity in the management tasks have been on the rise.
In such sense, the management role within the contemporary economy is shifting to be irreplaceable. According to Peter Drucker, management has been able to transform both the social and economic structures within the developed countries leading to the creation of the global economy and introduction of the new rules for the states willing to participate in such economy as the equals. The emergence of management contributed to the conversion of knowledge from being the social luxury to the actual economical asset.
Various theories might have built on Drucker’ s though especially those citing that it is through the invention of industrial management in the early 20th century, which turned the enlighten policy and various scientific discoveries into global prosperity.
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