For the following list of Management Theories (10), explainwhat the management theory is and how it can be applied in businessmanagement:
1. Hawthorne Effect2. Frederick W. Taylor’s Scientific Management3. Maslow’s Hierarchy of Needs4. Contingency Approach5. Douglas McGregor’s Theory X and Theory Y6. Henry Gantt –Gantt’s Charts7. SWOT Analysis8. Max Weber-Administrative Management9. Alfred D. Chandler’s Strategy and Structure10. Frederick Herzberg’s Two Factor Theory
Expert Answer
1. HawthorneEffect: This is the management theory which highlightsthat the people tend to change their behaviour when they recognizethat they are being observed. The managers can implement continuousmonitoring and controlling in order to make the employees feel
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