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What is Classical Management Theory?
Classical management theory is based on the concept that workers need only physical and economic needs. It does not include social and job satisfaction of the workers. Classical management theory has the main aim to maximize the profit of the company.
Classical management theory is developed in the 19th century to increase the productivity of the workers. But it was gained the attention in the 20th century.
Advantages of Classical Management Theory
- Classical Management theory has a clear structure for management.
- Classical management theory increased the productivity and efficiency of the workers.
- Classical management theory helps to create better working conditions.
- Classical management theory increases the wages of the workers.
- Classical management theory creates bonds among managers and workers.
Disadvantages of Classical Management Theory
- Classical management theory creates pressure and burden of work among the employees.
- Classical management theory is based upon the one best way and it is applicable to the simple organization’s structures. it does not fit on today’s complex structures.
- Classical management theory focuses on the individual performance of the employees and categories them into efficient and inefficient.
- Classical management theory kills the creativity of the workers and creates frustrations among the employees.
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