Classical Management Theories in Contemporary Management
Journal of Management and Marketing Research
Infusing value: application of historical management concepts at a modern organization
Andrew H. Clem Nova Southeastern University Bahaudin G. Mujtaba Nova Southeastern University Abstract History and the relative global marketplace have always proven to large organizations that there will continue to be wavering economic waters to navigate as well as deal with constant changes in the business environment. Today’s economy is no different, and management strategies are continually tested to withstand the slow return to prosperity. Science Applications International Corporation (SAIC) has historically been able to weather these environmental business factors through insightful management strategy, a focus on employees, and value creation. By analyzing various management theories and exploring SAIC, a set of recommendations for managers is presented along with an in-depth view of what has helped SAIC to become successful. Key words: Customers, competitors, technology, economy, value creation, management theories.
Classical Management Theories, Page 1
Introduction In a modern economy, a corporation can expect many scenarios, events, and a wealth of market and economic fluctuations. Today’s economy is riddled with abyssal economic downturn and subsequently wild market fluctuations. Coupled with these events is marked competition from multiple avenues. As technology remains at the forefront of civilization, businesses not only must remain malleable to the aforementioned conditions, but continue to improve their technological infrastructure to keep a competitive edge since skilled and knowledge employees are likely to leave and take others jobs when better opportunities become available (Udechukwu & Mujtaba, 2007). Remaining at the forefront these factors create an impetus for success of an organization. However, all else aside, creating value and implementing positive, value-creating strategic management practices is the
Infusing value: application of historical management concepts at a modern organization
Andrew H. Clem Nova Southeastern University Bahaudin G. Mujtaba Nova Southeastern University Abstract History and the relative global marketplace have always proven to large organizations that there will continue to be wavering economic waters to navigate as well as deal with constant changes in the business environment. Today’s economy is no different, and management strategies are continually tested to withstand the slow return to prosperity. Science Applications International Corporation (SAIC) has historically been able to weather these environmental business factors through insightful management strategy, a focus on employees, and value creation. By analyzing various management theories and exploring SAIC, a set of recommendations for managers is presented along with an in-depth view of what has helped SAIC to become successful. Key words: Customers, competitors, technology, economy, value creation, management theories.
Classical Management Theories, Page 1
Introduction In a modern economy, a corporation can expect many scenarios, events, and a wealth of market and economic fluctuations. Today’s economy is riddled with abyssal economic downturn and subsequently wild market fluctuations. Coupled with these events is marked competition from multiple avenues. As technology remains at the forefront of civilization, businesses not only must remain malleable to the aforementioned conditions, but continue to improve their technological infrastructure to keep a competitive edge since skilled and knowledge employees are likely to leave and take others jobs when better opportunities become available (Udechukwu & Mujtaba, 2007). Remaining at the forefront these factors create an impetus for success of an organization. However, all else aside, creating value and implementing positive, value-creating strategic management practices is the
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Determining the probability that an employee will stay or leave the organization: a mathematical and theoretical model for organizations. Human Resource Development Review, 6(2), 164-184. Author Biography Andrew H. Clem is a graduate researcher in leadership at Nova Southeastern University’s H. Wayne Huizenga School of Business and Entrepreneurship. Always having a passion for the environment and technology, his goal during his undergraduate degree was to pursue a career in combining these interests. Clem graduated from the University of Kentucky with a Bachelor of Science in Forestry. From there, he continued to pursue his combined interests while working through a series of forestry consulting, infrastructure, and GPS mapping projects. Clem is currently a full-time GIS Specialist with the engineering firm, Camp, Dresser, & McKee, Inc. Upon completion of his graduate research, he plans to continue to apply technological applications to the environment. Clem also intends to aggressively lead and develop a positive synergy between the environmental business sector and environmental issues. Andrew’s research areas include management, leadership, and knowledge management application. Bahaudin G. Mujtaba, D.B.A., is an Associate Professor of Management and Human Resources at Nova Southeastern University’s H. Wayne Huizenga School of Business and Entrepreneurship. Bahaudin has served as manager, trainer, and management development specialist in the corporate arena as well as a director, department chair and faculty member in academia. His areas of research are management, leadership and management history, and international management. Classical Management Theories