Contemporary Approaches

Tyesha Stevens

Unit two assignment

The four contemporary approaches to management are quantitative management, organizational behavior, system theory, and sociotechnical system theory. These four contemporary approaches are different from each other because sociotechnical systems theory suggests that organizations are effective when their employees have the right tools, training, and knowledge to make products and services that are valued by customers. Quantitative management helps a manager make a decision by developing formal mathematical models of the problem. These include such techniques as statistical decision theory, linear programming, queuing theory, simulation, forecasting, inventory modeling, network modeling, and break- even analysis. Organizations apply these techniques in many areas, including production, quality control, marketing, human resources, finance, distribution, planning, and research and development. Many managers have not been trained in using these techniques. Also, many aspects of a management decision cannot be expressed through mathematical symbols and formulas. Organizational behavior, studies and identifies management activities that promote employee effectiveness through an understanding of the complex nature of individual, group, and organizational processes. Organizational behavior draws from a variety of disciplines, including psychology and sociology, to explain the behavior of people on the job. Systems theory a theory stating that an organization is a managed system that changes inputs into outputs.

Business are open system, they are affected by and in turn affect their external environments. They use inputs like goods and services from their environment to create goods and services that are outputs to their environment. All companies are either doing both producing input and outputs or either giving a costumers product or just service.

The competitive the immediate environment surrounding a firm, which includes...