Evolution of Management Thought: A Continuous or Discontinuous Process

摘要

This paper aims at reviewing the evolution of management theories, philosophies and thoughts in western world and Africa, especially Nigeria; and ascertains if it is experiencing a stunting growth. A qualitative research design was adopted, using thematic and theoretical method. This study lend credence to the influence of prevailing business environment on management theories, as theories evolved over time in order to suit the internal needs of organizations and their external environment. These theories are not mutually exclusive, as a good “mix” can always see an organization going; and there is no best way to manage, as stressed by the contingency theory which provides a synthesis to the plethora of management thought in the literature. Also in meeting the objective of the paper, effort was made to examine the evolution of management thought in Nigeria. Colonialism, culture, technological development and socio-economic thought were said to have influenced management thought and practice in Nigeria. The paper thus found that evolution of management theory is not stunting but continuing. This was exemplified by the recent government bail-out of airing organizations during the recession that started in America in 2007. Also in Nigeria, the paper also drew attention to ongoing practice of government following-up chief executives and politicians that embezzled public funds under the auspices of Economic and Financial Crime Commission (EFCC).