Management Theories Productivity of the Workplace

Question: Describe about the Management Theories for Productivity of the Workplace. Answer: Introduction The concept of the various management theories is essential in the organisation to increase the productivity of the workplace. The implementation of the theories such as Taylors scientific management, Maslows hierarchy of human needs and Demings Total Quality Management helps the organizations to carry out the organizational activities and management in a systematic manner. Commonwealth Bank of Australia is an Australian multinational bank that serves the areas of New Zealand, Fiji, Asia, USA and UK (Commbank.com.au. 2016).The organization applies these management theories in the workplace to influence the managerial practice in Commonwealth Bank of Australia. The organization applies various management theories that help the organization in the development of the organization and achieving comparative advantage over the other competitors in the market of Australia. Discussion The basic management theories help in the process of developing the motivation among the employees by enhancing the management process. Taylors scientific management The Taylors scientific management theory is also known as Taylorism. In the opinion of Tedeschi, (2013), it is a theory of management that analyzes and synthesizes the workflow in the organisation. The management theory helps to improve the economic efficiency of Commonwealth Bank of Australia, especially the labor productivity. However, Hill, Jones Schilling (2014) argued that the approach is at odds with the approaches that the organizations mainly use such as MBO (Management By Objectives), BPR (Business Process Reengineering) and other tools. The Taylorism theory is not that effective in promoting the responsibility among the individuals working in the company. Maslows hierarchy of human needs The Maslows hierarchy of needs is a motivational theory that includes five stages in which the deficiency needs and growth needs of the organization are classified. The five stage model includes the biological, the physiological needs, safety needs, love, and belonging needs, esteem needs and self-actualization needs. The theory helps the company to understand the needs and the priorities of the company that further help the managers to manage the company addressing the needs and the loopholes present. In contradictory, Shafritz, Ott Jang, (2015) mentioned that the Maslow analysis does not always focus on the process of providing motivation to the employees to work. Hill Jones, (2013) supported the theory by stating that the theory identifies the internal factors that motivate the behavior of the employees. The needs are considered to be psychological or physiological insufficiencies that influence the behavior of the individuals in the organization. Demings Total Quality Management The theory of Demings total quantity management summarizes that the adopting of appropriate strategies or principles of management supports the organization to increase the quality and customer loyalty. Further, the company is able to reduce the operational cost such as reducing waste, rework, and staff attrition. As per the theory, there are certain points that help the organization in better management. The theory explains that a constant purpose towards the improvement of the organization. The organization further needs to adopt new policies that address the changes in the organization. The theory further states that the organization should stop depending upon the inspection as the inspections are costly and unreliable. In the opinion of Tedeschi, (2013), the theory mentions that Commonwealth Bank needs to use a single supplier for one item at a time. The constant improvement helps the organization to manage the business activities in a more effective manner. The other elements of the theory are practicing on the job training, implementing leadership, eliminating fear, getting rid of the unclear slogan, eliminating the management by the objectives of the business, removing the barriers of the organization. Moreover, the implementing education and self-improvement process in the organization and bringing out the transformation in the job helps the managers to manage the business of Commonwealth Bank in an enhanced way. According to Bratton Gold (2012), one of the advantages of implementing the various management theories in the organization is that a clear organizational hierarchy with distinct management levels is obtained. In addition to that, the company gains an advantage in the division of labour. The managers are able to divide the task among the employees so that the organisational activities are carried out easily. However, Kim, Kumar Kumar, (2012) opposed the use of the management theories in the organisation as it eliminates the role of the individuals in the organisation. The human behaviour cannot be properly evaluated. Nevertheless, the management theories consider inaccurate assumptions and calculation of the measurement approaches. Application of the theoretical concepts to influence managerial practicesin Commonwealth Bank of Australia supports the organisation to obtain a number of competitive advantages over the rival companies. Commonwealth Bank of Australia is able to provide the stakeholders with a trained mind that allows achieving a higher degree of excellence in all the department of the organisation. Moreover, the managers of the bank ensure complete revolution within the workplace and thereby improve the layout, routeing, purchasing, scheduling and accounting activities of the company. On the flip side, the implementation of the management theories in Commonwealth Bank of Australia requires high cost and responses from the workers regarding the outcomes of the process. Bloom et al., (2012) criticised that the implementation of management theories destroys the individual workers initiative. The managers of the bank gain an autocratic power that further hampers the nature of the business environment. T his further demotivates the employees that lead to the fall in the productivity of the overall organisation. Conclusion The organisations are greatly affected by the implementation of the management theories such as Taylors scientific management, Maslows hierarchy of human needs and Demings Total Quality Management. The individual theories have certain advantages and disadvantages that help the company in managing the business as well as increase the risk factors for the company respectively. Commonwealth Bank of Australia achieves comparative advantages that provide sustainability to a company in the highly competitive market of Australia. The managers are thus capable of performing the business activities in a more efficient manner that ensure meeting the organisational goals and objectives. References Bloom, N., Genakos, C., Sadun, R., Van Reenen, J. (2012). Management practices across firms and countries.The Academy of Management Perspectives,26(1), 12-33. Bratton, J., Gold, J. (2012).Human resource management: theory and practice. Palgrave Macmillan. Commbank.com.au. (2016).Commbank.com.au. Retrieved30 November 2016, fromhttps://www.commbank.com.au/ Hill, C. W., Jones, G. R. (2013).Strategic management theory. South-Western/Cengage Learning. Hill, C. W., Jones, G. R., Schilling, M. A. (2014).Strategic management: theory: an integrated approach. Cengage Learning. Kim, D. Y., Kumar, V., Kumar, U. (2012). Relationship between quality management practices and innovation.Journal of operations management,30(4), 295-315. Shafritz, J. M., Ott, J. S., Jang, Y. S. (2015).Classics of organization theory. Cengage Learning. Tedeschi, J. T. (Ed.). (2013).Impression management theory and social psychological research. Academic Press.