Major schools of management thought may be classified as under: 1. Management Process School 2. Empirical School 3. Human Behaviour or Human Relations School 4. Decision Theory School 5. Mathematical or Quantitative Management School 6. Systems Approach to School 7. Contingency Approach. Term Paper # 1. Management Process School: The chief contributors belonging to this school are Henry Fayol, J.D. [...]
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