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Management

Neoclassical Theory (18)

In this article we will discuss Neoclassical Theory (18)

Neoclassical Theory (18)

Elements of Behavioural Theory or Human Relation Approach (2)

Work Groups: Workers are not isolated; they are social beings and should be treated as such by management. The existence of informal organization is natural. The neo-classical theory describes the vital effects of group psychology and behaviour on motivation and productivity.

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