Table of Contents
MGT101 FINAL TERM SOLVED PAPERS
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Financial Accounting – I:
The purpose of this lecture is to show that a background in management can help you better understand current management theory and practice. So to understand the theories and practices used today, it is important for management students to follow the evolution of management thinking and practices. The practice of management has always reflected the historical time and societal conditions.
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Many current management concepts and practices can be traced back to early management theories. Exercising Management has always reflected the times and social conditions, so many organizations are responding to technological breakthroughs and the development of web operations.
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These new business models reflect today’s reality: information can be shared and exchanged instantly anywhere on the planet. The purpose of this chapter is to show that knowledge of the history of management can help to understand today’s management theory and practice.