1 Answer | Add Yours
This is an important question and there are many factors that influence the evolution of management thought. I will list a number of them.
First, management is partially about trial and error. So, management tries something and if it does not work, then they move on and try something else. They continue to do this, until they have an idea that works well.
Second, management changes at times due to the changing circumstances. As you know, we live in a very volatile world. Things can change in an instant. A good management team knows this and even sees it coming. For example, Apple computer changed their model quite a bit. They started with computers and now they are in the TV world, music world, and phone world.
Third, a good management team also knows that the the market is now global. So, they will evolve as they broaden their horizons to an international market.
We’ve answered 319,827 questions. We can answer yours, too.Ask a question