Theory of Organizational Management

Abstract

This chapter is about understanding general management's concept, based on its history and development; the meaning of management science, management process, and function of management; the definition of ethics in the context of hospitality; and the importance of corporate governance, and it identifies ethics' categories and values. Understanding the fundamental theories of organizational management and organization behavior and applying the best practices is conducive to effective management in guiding teams to successful accomplishments. Many of these theories were catalysts to the leadership approaches, which have shaped organizations over time. Modern organizations, especially hospitality organizations, can benefit from strategies that were formulated from organizational theories. A useful example is the development and application of ethics and ethical leadership within the domain of hospitality. Thus, understanding and applying management theories is crucial in the hyper-competitive hospitality industry.