BUSINESS ADMINISTRATION I CLASS 12 I Concept of Management (UNIT2)

BUSINESS ADMINISTRATION I #businessadministration #class12
Nature of Management can be identified through study of management as Science, Art or Profession.
Management as Science
Management as an Art
Management as profession
Concepts and thoughts of management – Classical Approach, Neo Classical Approach, Contemporary Approach.
Classical Approach can be categorized into Scientific Management, Bureaucratic Theory, Administrative Theory
Scientific Management – It means knowing exactly what you want them to do and seeing that they do it in the best & cheapest way according to F.W. Taylor.
Administrative Theory – It constituted of 14 principles which were propounded by Henri Fayol.
Neo Classical Approach – This approach emphasized on human and social aspect of the worker instead of production.

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