Classical Theory Neo Classical Modern Theory

• This theory of management • This theory of management • This theory of management

is the works of Fedrick
Taylor, Mark Webber &
Henry Fayol.
• This thought of school
consists of Scientific
Management,
Administrative Management
& Bureaucratic Management
theories.
• It generally concerns ways
to manage work and
organizations more
efficiently.
• This theory is the application
of science to the practice of
management.
• It focuses more on
development of the basic
management functions.
• The assumption that people •
are motivated primarily by
economic reward does not
hold true in today’s world.
is the works of Elton Mayo
and Hawthorne’s
Experiments.
• This thought of school
consists of Human Relations
and Behavioral Science
Management Theories.
• It generally concerns on
Human behavior in
organizations, efficiency,
process and principles.
• This theory more
emphasized on Human
behaviors.
• It focuses more on time
needs, drives, behaviors &
attitudes of individuals.
It assumes that every
organization is made up of
number of social groups
with compatible values and
interests.
is the works of Chester
Barnard, George Homans,
Abraham Maslow.
• This thought of school
consists of Systems theory,
Contingency theory,
Organizational Humanism &
Management Science
theories.
• It generally concerns on use
of Quantitative Techniques,
Production & Operation
Management.
• This theory is fusion of
Classical and Neo Classical
Theory.
• It highlights the complexity
of organization as well as
individuals and the diversity
of their needs, motives,
aspirations, & potentials.
• This theory is more flexible
and can be modified as per
the needs of organization
and people.

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