in your own opinion of the 6 theories of modern management theory discuss how you feel about classical approach, behavioral approach, quantitative approach , systems approach, contingency approach, and information technology era approach
Expert Answer
Theories of modern management:
Classical approach: Economic is self-regulating in the classical approach. High capacity on output or GDP. The price, interest are flexible through classical approach. The income can be saved as that will not use to purchase the goods and services. Adjustment helps to bring the economic back to the natural level. The lower price on the product increase the demand.
Behavioral approach: Emphasized
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