About This Chapter
Human Resource Management Theory - Chapter Summary and Learning Objectives
Theory is an important part of human resource management. Human resources professionals must understand the theory behind the day-to-day practices of an organization. The instructors in this chapter will use engaging video lessons to teach you about theories in human resource management. You can also take quizzes at the end of each lesson to test your knowledge of the subject. The subjects in this chapter include:
- Differences between theories and their importance to human resource management
- What schools of thought exist in the field of management
- Important figures connected to human resource management and their contributions
- Impact of Neoclassical Theory of Management on management practices
- Different theories related to motivation
- Definition of organizational behavior theory
- Organizational design and the theories behind it
|Human Capital Theory: Characteristics & Investment||Distinguish the key concepts of human capital theory.|
|Agency Theory: Relationships of Principals & Agents||Evaluate the background of agency theory and learn its characteristics.|
|AMO Theory: Ability, Motivation & Opportunities||Prioritize the most important concepts found in AMO theory.|
|Institution Theory: Environment & Social Structure||Analyze a case study in order to better understand institutional theory.|
|Contingency Theory: Definition and Significance to Organizational Behavior||Summarize contingency theory and its argument that there is no exact science to organizational behavior.|
|Leader-Member Exchange Theory and Organizational Behavior||Dissect the trust relationship that develops between managers and employees.|
|Resource-Based Theory: Path to Competitive Advantage||Compare the different types of resources outlined in resource-based theory.|
|Resource Dependency Theory: How External Resources Affect Organizational Behavior||Connect the history and ideas that developed resource dependency theory.|
|Classical Scientific School of Management||Outline the development of scientific management and how managers apply this school of thought.|
|Classical Administrative School of Management: Managing the Organization||Break down the importance of this school of thought and its key elements.|
|Fredrick Taylor & Management: Maximizing Productivity & Efficiency||Assess how Fredrick Taylor revolutionized practices in management.|
|Fayol's Theories on Staff Management and Worker Satisfaction||Illustrate how Fayol's seven principles are present in the workplace.|
|Neoclassical Theory of Management: The Human Relations Approach||Distinguish the shift in management styles that began to recognize social needs.|
|Motivation Theory: Needs-Based & Behavior-Based||Categorize the two different theories that describe motivation in the workplace.|
|Organizational Behavior Theory in Business||Analyze this theory and its pros and cons.|
|Organizational Design: Theory, Principles & Definition||Summarize organizational design and the theories related to it.|
1. Human Capital Theory: Characteristics & Investment
Human capital theory started back in the 17th century. This lesson will give a brief history of human capital and its characteristics, explain how to measure it, and provide a relevant example of human capital theory.
2. Agency Theory: Relationships of Principals & Agents
Have you ever hired someone to take care of something you did not have time to do? This is an example of agency theory. This lesson explains the concept of agency, agency theory, the history and characteristics of agency theory, and the common problems with agency relationships.
3. AMO Theory: Ability, Motivation & Opportunities
You will learn what the AMO (ability, motivation, and opportunity) theory is used for and its three characteristics that contribute to increased employee performance.
4. Institutional Theory: Environment & Social Structure
In this lesson, you'll explore institutional theory, including its history and characteristics, particularly with regard to environment and social structure. Additionally, you will review the concepts of institutional theory via a case study.
5. Leader-Member Exchange Theory and Organizational Behavior
As we work with our managers and leaders, we begin to develop a level of trust between us. The employee trusts the leader will be good and fair, and the leader also develops trust in the employee's ability to do his job.
6. Resource-Based Theory: Path to Competitive Advantage
In this lesson, you'll learn the definitions of resource-based theory and the three key terms used within the theory: tangible resources, intangible resources, and capabilities.
7. Resource Dependency Theory: How External Resources Affect Organizational Behavior
Learn what resource dependency theory is, its common characteristics, and how the concept came about in this lesson. At the end, you'll better understand how resource dependency theory affects the way organizations interact with outside entities.
8. Neoclassical Theory of Management: The Human Relations Approach
In the early 1920s, a shift away from classical management theory took place as theorists began to consider the human side of an organization and the social needs of employees. In this lesson, you will learn about the evolution of the neoclassical theory of management and its two sources: the human relations movement and the behavioral management movement.
9. Organizational Behavior Theory in Business
This lesson contains a brief history of organizational behavior theory in business, including core contributing theorists. Further, the lesson discusses the pros and cons of the theory and provides a case study. Find out why people act the way they do in organizations.
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Other chapters within the Business 306: Strategic Human Resources Management course
- Strategic Human Resource Management
- Employment Law & Rights of Employees
- Equal Employment Opportunity
- Workplace Diversity & Multiculturalism
- Recruiting & Selecting Employees
- Employee Benefits & Compensation
- Collective Bargaining & Unions
- Organizational Training Programs
- Employee Motivation Theory
- Performance Management
- Employee Value & Competitive Advantage
- Human Resource Management Around the World
- Human Resource Metrics & Measurement
- Required Assignments for Business 306
- Studying for Business 306