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The Impact Of Modern Management Theories

Author

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  • Miftari, Fljamur

    (UNIBIT Sofia, Bulgaria.)

Abstract

This comprehensive study delves into the profound impact of modern management theories on organizational dynamics and effectiveness. It commences with an exploration of the evolution from traditional to modern management theories, underscoring pivotal developments like the shift from authoritarian to more participatory leadership styles. Central to this exploration are foundational theories such as Systems Theory, which conceptualizes organizations as complex entities with interconnected components, and Contingency Theory, advocating for adaptive and situational leadership approaches. We then pivot to an in-depth analysis of Theory X and Theory Y, which introduced a dual perspective on employee motivation and management approaches - Theory X emphasizing control and authority, and Theory Y focusing on employee autonomy and self-direction. These theories have significantly influenced managerial mindsets and practices, paving the way for more nuanced and human-centric approaches to workforce management. The paper further investigates the tangible impact of these theories on modern organizational practices. This includes their role in shaping strategic decision-making, leadership and communication styles, employee engagement strategies, and organizational structure. Special attention is given to how these theories have been instrumental in guiding organizations through the challenges and opportunities presented by technological advancements and globalization.

Suggested Citation

  • Miftari, Fljamur, 2024. "The Impact Of Modern Management Theories," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 15(1), pages 99-108.
  • Handle: RePEc:ris:utmsje:0370
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    File URL: https://utmsjoe.mk/past-issues/2-uncategorised/52-vol-15-no-1
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    More about this item

    Keywords

    Theory X and Theory Y; Theory Y; leadership; Modern Management Theories;
    All these keywords.

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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