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Title: Management Theory & Practices (CONTEMPORARY APPROACHES)

Essay Details

Subject: Business
Author: Alan H
Date: January 1, 2013
Level: University
Grade: B
Length: 4 / 983
No of views: 0
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Essay text:

Computers have facilitated the development of scientific quantitative methods. EXAMPLES: - Statistical decision theory, breakeven analysis, simulation, for casting inventory modeling, etc. Reasons of the limited use of approach: Managers do not depend on the technique & use it only as supplement & a tool in decision making & the reasons are: – Many managers will use results that are consistent with their experiences, intuition (sixth sense), and judgment and they may reject results that contradict their beliefs...

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ORGANIZATIONAL BEHAVIOR During the 1950’s a transition [change] took place in the human relations approach. Scholars begin to recognize that workers productivity & organizational success are based on more then the satisfaction of economic or social needs. The revised prospective, known as organizational behavior, studies & identifies management activities that promote employee effectiveness through an understanding of a complex nature of individual, group & organizational process...

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