Question
Write a short note on Modern Thoughts.

Answer

Introduction :
  • A change was occurred in the format of industry and business units after $1960.$
  • As a result , the need of special approach of management was arisen.
  • During this time, special professional class of managers emerged as it was required in various sectors.
  • Promoters of modern management thoughts :
  • Management gurus like koontz, O’Donnell, George R. Terry, Petter F. Drucker, William ouch and C.K. Prahalad have contributed in the development of this thought.
  • Sciences advocated in this thought :
  • In this thought of management advocacy was made for the use of psychology, social studies, statistics, mathematics and computer information technology.

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