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Four Contemporary Approaches to Management

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The four contemporary approaches to management are: systems theory, organizational behavior, quantitative management and sociotechnical systems. Each contemporary approach is influenced by an environment factor. These impacts are macro-environment, competitive environment and internal environment. The macro-environment of an organization involves variables such as political, social, legal and technological. Competitive environment of an organization involves the organization and professional players whom compete in the market place. Internal environment of an organization are components and processes within, such as employees, managers and resources. Each environment is relevant to the contemporary approaches however the approaches are unique in their own way. To elaborate more, the systems theory demonstrates that the organization’s execution relies on how efficient it is administering goods and services utilizing inputs from the external environment, in a matter that changes inputs to outputs. An open system is associations that would influenced by, and that affect, their surroundings, continually interacting with its environment (Bateman & Snell, 2012, p. 42). Internal, competitive and macro-environment are relevant to the systems theory because this approach to management deals with circumstances inside and outside of the organization. Quantitative management organizes scientific or measurable data as premise for choices. Example of this approach is a company determining the budget amount for advertising a new product. Assessments for workers and supervisors could incorporate this data to make a target picture for conduct. A key note to this approach is to collect information about the issue and come up with feasible solutions to authorize suited, useful and scientific models. By the same token,

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