Neoclassical Theory (1)

In this article we will discuss Neoclassical Theory (1)

Neoclassical Theory (1)

Neoclassical Theory
Neo-classical Theory is built on the base of classical theory. It modified, improved and extended the classical theory. Classical theory concentrated on job content and management of physical
resources whereas, neoclassical theory gave greater emphasis to individual and group relationship in the workplace. The neo- classical theory pointed out the role of psychology and sociology in the understanding of individual and group behaviour in an organization.

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