modern period of management started from the year
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1960
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The 1700s industrial revolution served as the foundation for contemporary management and organizational thought.
- About 1950, the current management philosophy began to take shape. This method of management is superior to both the classical and neo-classical methods.
- The three main foundations of a modern management approach are I. System Approach II. Quantitative Approach III.
- Popularly referred to as the "father of modern management theory," Henry Fayol. In 1841, he was born in France.
- He created 14 management principles that serve as guidance for managers when carrying out their duties.
- A hierarchical, top-down power structure does not exist in a modern organizational structure.
- It also goes by the name of "modern organizational structure," which does away with departmental divisions between staff members and encourages collaboration on projects.
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