DOI: 10.36347/sjebm.2023.v10i10.001

Pages: 232-239

Many scholars have been interested in the evolution of management theories, principles, and concepts and their application. This study looked into the utility of the Alderfer's ERG and the McClelland Acquired Need theories in today's workplace. A narrative and desk review methodology were used to thoroughly review and document the works of other scholars. Before narrowing it down to the immediate environment, references were made to the application of the theories in global space. The study's findings revealed that the two theories are deeply rooted in today's management approaches, but they are not static. As society changes, so do the dynamics of management. The study showed that no single theory is applicable in every organisation, but rather a combination of two or more theories. Because the application of management theories has evolved over time to meet changing internal and external requirements of firms, they are influenced by the current business environment. Colonialism, culture, technological advancement, and socio-economic theories have all had impact on Nigerian management theory and practise. In a nutshell, management theory is progressing rather than coming to an end.