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Unformatted text preview: Assignment A Q1). Compare the three schools of management thought and discuss which theory as per you is most important and why? Ans: There are three schools of management thoughts or there are three eras in which management have evolved. These three schools or eras are following. • Scientific Era • Human Era • Systems Era Scientific Era The first one is the scientific era. All the theories or the concepts evolved in this era are termed as Classical theories of management. According to this school the focus of the industry was on the output of the organization, regardless of the working conditions or the environment of the workers. Organizations were more emphasizing on getting the work done. If employee gives results then he was awarded by means of incentives etc and if the employee does not performs then he is punished. Organizations mainly relied on hiring and firing policies. Employees of the organizations were treated as machines that are working just to produce the output or the results...
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This note was uploaded on 01/19/2012 for the course FINANCE 11 taught by Professor Rao during the Spring '11 term at Amity University.
- Spring '11