Contemporary Management Theories

The video discusses contemporary management theories, including management by objectives, quantitative theory, systems theory, and contingency theory. Management by objectives involves setting goals for employees and evaluating their performance based on these goals. Quantitative theory uses data to aid managerial decisions. Systems theory views organizations as systems with various subsystems interacting with the environment. Contingency theory suggests that the best management approach depends on specific conditions.

What is the primary focus of Management by Objectives?

• Breaking down organizations into subsystems

• Using data for decision-making

• Adapting management approaches based on conditions

• Setting goals and evaluating performance

Which management theory emphasizes the use of data and numbers for decision-making?

• Management by Objectives

• Quantitative Theory

• Contingency Theory

• Systems Theory

In Systems Theory, how is an organization viewed?

• As a set of numerical data

• As a collection of goals

• As a flexible approach to management

• As a system with interacting subsystems

What does Contingency Theory suggest about management approaches?

• They should focus on setting objectives

• They depend on specific conditions

• They should be consistent across all situations

• They should be based on numerical data

Which of the following is NOT a subsystem mentioned in Systems Theory?

• Accounting

• Manufacturing

• Human Resources

• Marketing