This assignment will evaluate how the organization could apply management theories. Additionally, it will explain how companies have interpreted the data to inform their decision making and manage change in their organization. Furthermore, we will discuss how management theories help Tesco achieve its purpose. Management Theory Furthermore, every business manager who seeks to improve his skills and abilities must be related to the knowledge and application of management theories. Management theories are made to help increase organizational productivity and service quality, creating the successful business model. The theories have been divided into scientific and classical management theories. Classical Management Fayolism Theory The first management theory is classical management, known as Fayolism, developed in 1900 by Henri Fayol. He focused on efficiency through management training and behavioral characteristics. Furthermore, management theory which investigated and combined the role of management in organizations. Similarly, classical management theory deals with management, human and behavioral factors in management. The theory focuses on organizations management practices that could reduce misunderstandings and also increase efficiency. Fayolism developed 14 fundamental management principles that help managers manage their businesses more effectively, for example, division of labor, delegation of authority, discipline, chain of commands, innate workplace, team spirit etc. The main advantages of Fayolism are: better motivation (improves employee motivation and morale), improves communication (information and ideas could be transmitted upwards and downwards). However, it could…half of paper…and pay stubs. As a result, business owners can also use technology to create a secure environment for sensitive business information or retain customers. Many types of business technologies or software are easy to use. This allows entrepreneurs with minimal background in computer science to use computer hardware and software. Business technology can help small businesses improve their communication processes. Additionally, message, text, web, and personal digital product programs can help companies improve communication with consumers. Using different types of information technology communication methods allows companies to saturate the market with their economic message. Businesses can also get more feedback from users through these electronic communication methods. These methods also allow businesses to reach consumers via mobile devices for real-time format.