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Management is a relatively new ideology in the world’s history. Factories did not exist before the industrial revolution and businesses were mostly working in geographically limited regions. People who did explore new geographical boundaries were still working as their own managers or leaders taking decisions on their own and basing their business practices from their experiences and those of friends and relatives they knew. Everything from accounting to supervision was generally looked after by the owner directly, and even if the business was big enough to employ accountants and supervisors, the owner was directly managing his employees. As a result, management was limited and the philosophies of management were not explored beyond small or medium business.
Today, management is more complex and embodies a lot more than just the ideologies of the owner. This is why it is important for a company to have a complete understanding of various management styles, skills and best practices in order to do well.
