Realign current management initiatives by relearning historic innovations

The 20th century is known as the management century because of its many recent management initiatives. These touted management initiatives include scientific management, quantitative models, the application of information technology, decentralisation, multi divisional structure, teams, open innovation, and corporate initiatives. Certainly, these management developments have improved the economic productivity of firms. However, the effectiveness and originality of these modern management techniques have been overstated. Because of their narrow, short-term, and material focus, recent management techniques have often resulted in dysfunctional side effects - inequity, mistrust, and unsustainability. In order to prevent and resolve these growing problems, managers must relearn the broader principles - long-term, spiritual, and societal - underlying historic management innovations from long ago, but largely forgotten.