The fact that the goal of modern organizations is not any different from the views and ideas laid down by these theorists, proves that the classical theories are still applicable in management of these modern organizations except the extent of applicability varies from one component to another. Three well established theories of Classical Management are Scientific Management Theory, Administrative Theory and Bureaucratic Theory. The key proponents of classical theories include Henri Fayol (1841-1925), Fredrick Taylor (1856-1915), Max-Weber (1864-1920). Classical Management Theories are very important as they provide the basis for all other theories of management. A modern organization is very dynamic and flexible in its operation and focuses. Koontz and Weihrich define an organization as a group of people working together to achieve common goals. This surplus in business organizations is profit, in non-profit organizations is satisfaction of needs (creating the desired impact), schools and colleges create a surplus through generation and dissemination of knowledge as well as providing service to the community. The major aim of all mangers is to create surplus, which must be done efficiently and effectively.
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