Assess your understanding of two of the management theories (Scientific Management Theory and Knowledge Management). The goal is two share details of the theories and then apply them to a business in a specific industry. Elaborate on how you think these new strategies would benefit a business you were managing.

Pick 2 theories (Scientific Management Theory and Knowledge Management). Share 3-5 key points for each theory. Make sure the key points are well-thought out and specific to your industry.

Think of an industry you're in or would like to be in. Be creative if you'd like. Name a current weak spot or area for improvement you find in the current industry landscape.

How can this theory help with managing change and creating innovation?