Decision Making and Contemporary Approache

Contemporary Approaches
The evolution of management has two approaches the classic approaches and the contemporary approaches. Several of the approaches overlapped each other as they developed, and lots of times had a significant impact on each other (Bateman & Snell, 2013). This essay I will focus on the contemporary approaches and the difference between them all. There are four contemporary approaches: Sociotechnical system, quantitative management, organizational behavior, and systems theory.
The first contemporary approach is sociotechnical system. According to Bateman and Snell (2013), “Sociotechnical system 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” (page 35). Sociotechnical system theory supported teamwork in work groups for important factors for creating efficient production systems. Researchers said that workers should be able to correct their product before they are finished, which would cause waste (Bateman & Snell, 2013).

The second approach is the quantitative management. According to Bateman and Snell (2013), “The quantitative management theory emphasizes the application of quantitative analysis to management decisions and problems” (page 35). Quantitative management helps the managers with decision making using mathematical models as the problem. There are several quantitative methods that are used: statistical decision theory, linear programming, queuing theory, simulation, forecasting, inventory modeling, network modeling, and breakeven analysis. These techniques are used in many organizations like, production, quality control, marketing, human resources, finance, distribution, and planning (Bateman & Snell, 2013).
The third approach is the organizational behavior. According to Bateman and Snell, (2013), “Organizational behavior studies and identifies management activities that promote employee effectiveness through an understanding of the complex nature of individual, group, and organizational processes (page, 36). Psychology and sociology are considered to be in the organizational behavior category because they include the behavior of people on the job
(Bateman & Snell, 2013).
The last approach is the systems theory approach. In the systems theory businesses are open systems, and depend on feedback from the outside world, like raw materials, human resources, and capital. Systems theory also states that a business is one system in a series of subsystems. For example U.S. Airways is a subsystem for airline business. In my opinion I believe the systems theory is the most important because not just one person in a company or organization is making decisions. The decisions are made based on feedback from the world.
Reference
Thomas Bateman & Scott Snell. (2013). The Evolution of Management. Management. McGraw- Hill Irwin. Third Edition.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

At Solution Essays, we are determined to deliver high-quality papers to our clients at a fair price. To ensure this happens effectively, we have developed 5 beneficial guarantees. This guarantees will ensure you enjoy using our website which is secure and easy to use.

Money-back guarantee

Most companies do not offer a money-back guarantee but with Solution Essays, it’s either a quality paper or your money back. Our customers are assured of high-quality papers and thus there are very rare cases of refund requests due to quality concern.

Read more

Zero-plagiarism guarantee

All our papers are written from scratch and according to your specific paper instructions. This minimizes any chance of plagiarism. The papers are also passed through a plagiarism-detecting software thus ruling out any chance of plagiarism.

Read more

Free-revision policy

We offer free revisions in all orders delivered as long as there is no alteration in the initial order instruction. We will revise your paper until you are fully satisfied with the order delivered to you.

Read more

Privacy policy

All data on our website is stored as per international data protection rules. This ensures that any personal data you share with us is stored safely. We never share your personal data with third parties without your consent.

Read more

Fair-cooperation guarantee

Ordering and sending money to us is an indication that you are purchasing our products and services. To have business talks laid out in the official language, you can check on our terms and conditions and get more information about this.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Order your essay today and save 30% with the discount code: LEMONADEPlace Order