Four major philosophies of management

The Scientific School

Discover the best way to accomplish a task

Discover the best worker to accomplish the task

Provide incentives for the workers

Provide close supervision by the manager

The Human Behavior School

The Management Process School

Business operation

Technical—producing and manufacturing products

Commercial—buying raw materials and selling products

Financial—acquiring and using capital

Security—protecting employees and property

Accounting—taking stock of profit and costs

Managing—the functions of guiding the organization

Functions of a manager

Planning—examining the future and drawing up a plan of action

Organizing—building up a dual structure of human and materials to achieve an undertaking

Commanding—maintaining activity among the personnel of the organization

Coordinating—binding together, unifying, and harmonizing all activity and effort

Controlling——、seeing that everything was accomplished in conformity with the established plan

The Quantitative School

  1. Formulate the problem
  1. Construct a mathematical model
  1. Derive a solution
  1. Test the model and solution
  1. Establish controls over the solution

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