Topic of assignment: The Time-line of Development of Management Theories: Relative or Absolute
The study of management theories has been criticised by some people as a waste of time because old ideas are discarded if they are found to be out of tune with today’s business context. For instance, time-and-motion studies have fallen out of favour these days. On the other hand some writers have argued that the timeline for the development of management theories is not an absolute scale but is, in fact, a relative scale. This means that what we think is an old idea may be a new idea in a different context.