The paper examines the relation between management theory and management practice discussing the role of managed learning and knowledge management in decision making within working environment, outlining organizational power and politics used to manage organizational change, evaluating the impacts of organizational culture and national culture on communication management in organisations, and critically discussing the issues of corporate social responsibility (CSR) and business ethics in a multinational organization.
The paper examines theoretical approaches to management reviewing the ideas of classical management theorists, e.g. Fayol, Mullins (structural contingency theory), Gore (synergy theory), Stacey (chaos theory), etc. and discussing the traits of managers, the models of control, the types of authority, the principals of risk and crisis management, etc.
The study looks into different management theories practiced within organisations and analyses their limitations. Theories include Hofstede, TQM, MBO and etc. It assesses the usefulness of these theories for different organisations in different settings, and highlights their shortcomings using examples of the limitations of the discussed management theories.
The paper examines the managerial perspective in the management theory discussing why it has dominated management practice and what the resultant consequences are. The nature of management and managers is defined; the approaches towards management are outlined highlighting the implications of the managerial perspective for strategic management.
The paper examines an analytical tool known as a complex adaptive system (CAS) approach reviewing literature on CAS and its application in organisations. The aspects of human thinking and non-linear behaviour are defined focusing on the concept of strategy emergence and arguing its role as an evolutionary response to the needs of survival.
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