Theoretical and Methodological Principles of Management: an Innovative Approach

Abstract

The development of management technologies and the introduction of management activities determine the rapid pace of management transformation to innovative forms of its implementation. The current digital business space uses digital technology tools to improve its operations and automate key business processes. In connection with such events, the issue of determining the definition of management as a category of management activity at enterprises becomes of particular importance. The purpose of the academic paper is to study the innovative approaches to the theoretical and methodological fundamentals of the business essence and to determine the key aspects of establishing a theoretical analysis of the management concept. The transformation drives the formation of modern approaches to the concept of management to the approaches of monitoring, management, organization, planning and use of business processes as a key indicator of the stability of the country’s development. The research object of the academic paper is the process of development of the scientific management category due to the emergence of new approaches to its implementation and digitalization of the business environment. The research subject of the academic paper is the modern fundamentals of theoretical and methodological approaches to managerial activity, work with personnel and human communications. The objectives of the research lie in conducting an analytical study on the available approaches in order to determine the essence of management and outline the further prospects for its development. The academic paper examines the features of different schools’ approaches to the concept of management and tools for its implementation. The key management models have been analyzed and the advantages and disadvantages of each of them have been characterized. The scientific work provides a theoretical and methodological analysis of the concepts of business definition in accordance with representatives of classical and neoclassical management schools. Thus, the conducted research acquires practical significance for modern organizations and enterprises with the aim of improving the management model based on theoretical approaches and management tools.