Assignment On- “The Evolution of Management Thought and The Patterns of Management Analysis”

Submitted To: Professor Dr. Abu Hossain Siddique
Department of International Business
University of Dhak
9th Batch, EMBA
Date of Submission: 4th July,2012

INTRODUCTION

Although modern management theory dates primarily from the early twentieth century, there was serious thinking and theorizing about managing many years before. Two events are especially significant to management history. First, in 1776, Adams Smith published The Wealth of Nations, in which he argued the economic advantages that organizations and society would gain from the division of labor (or job specialization). The second important event is the industrial revolution. Starting in the late eighteenth century when machine power was substituted for human power, it became more economical to manufacture goods in factories than at home. These large, efficient factories needed someone to forecast demand, ensure that enough material was on hand to make products, assign task to people, direct daily activities, and so fort. That “someone” was managers, and these managers would need formal theories to guide them in running these large organizations. It wasn’t until the early 1900s, however, that the first steps were taken toward developing such theories. The evolution of modern management thinking begins in the nineteenth century and flourished during the twentieth.

EVOLUTION OF MANAGEMENT THOUGHT
Today's management theory is the result of the interdisciplinary efforts of many people.
THE FOUNDERS
The beginning of the modern organization occurred primarily during the middle of the nineteenth century with the rise of the factory system, principally in the textile industry, where automation and mass production