PRINCIPLES OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMPRINCIPLES OF MANAGEMENT3 Marks
Question
Need arose to change the thoughts of classical theory. Explain.
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Answer
By the end of $19th$ century, formats and size of industries started growing due to industrial revolution.
The classical theory proved to be less effective on these large industries and so there rose a need for changes in these principles.
There rose a need of paying importance to financial motivation, less important . to human approach and informal relations, etc.
Hence, there arose a need to change the thoughts of classical theory.
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