Neoclassical Theory (19)

In this article we will discuss Neoclassical Theory (19)

Neoclassical Theory (19)

Elements of Behavioural Theory or Human Relation Approach (3)

Participative Management: The emergence of participative management is inevitable when emphasis is laid on individual and work groups. Allowing labour to participate in decision making primarily to increase productivity was a new form of supervision. Management now
welcomes worker participation in planning job contents and job operations. Neoclassical theory focuses its attention on workers. Plant layout, machinery, tool etc., must after employee convenience and facilities. Therefore, neoclassical approach is trying to satisfy personal security and social needs of workers.

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