The Industrial Revolution
During the industrial revolution, the manufacturing sector was the main driver of economic growth in Western countries. In a bid to improve efficiency and boost production, manufacturers adopted the scientific management theory. The workers were assigned duty stations. There were supervisors to manage the junior factory workers and make sure that they did what they were supposed to do.
Later on, the neoclassical theory was adopted as a result of inefficiencies in the classical theory of management. Manufacturers discovered that high pay was not the only way to motivate workers. There was also a need to improve the overall working environment.
The availability of information and ease of communication has also influenced how companies practice management. Modern management theories emphasize the importance of data and the adoption of innovation to achieve company objectives.
Another notable factor that has contributed to changes in management theory is different schools of thought. Over the years, renowned scholars and managers have come up with their theories of management.