management theory

Definition

A collection of ideas which set forth general rules on how to manage a business or organization. Management theory addresses how managers and supervisors relate to their organizations in the knowledge of its goals, the implementation of effective means to get the goals accomplished and how to motivate employees to perform to the highest standard.

Use management theory in a sentence

  • You need to come up with a good management theory and stick with it so that your employees know what to expect.

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  • Management theory was referenced in the team meeting on how best to relate to one's fellow human beings who are also esteemed colleagues.

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  • The management theory of our business is that our employees are our most important asset and that we make sure to treat them as such.

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