Question

Difference between classical and neoclassical theory of management

Answer 1

Under classical approach, attention was focused on job and machine. On the other hand, neoclassical approach to management emphasizes on increasing production through an understanding of people. However, the classical theory stresses on task and structure while the neoclassical theory emphasizes people aspect.

Answer 2

Classical theory is based on the belief that worker only have physical and economical needs.

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Neo classical theory = The premise of this inclusion was based on the idea that the role of managementis to use employees to get things done in organizations.