Question

Advantages of modern management theory over traditional management theory

Answer 1

Classical management theory was introduced in the late 19th century. It became widespread in the first half of the 20th century, as organizations tried to address issues of industrial management, including specialization, efficiency, higher quality, cost reduction and management-worker relationships. While other management theories have evolved since then, classical management approaches are still used today by many small-business owners to build their companies and to succeed.

Answer 2

The Importance of Modern Management Theories are:
Maximizes Productivity
Simplifies decision making
Thinks objectively
Increases staff participation