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Essay / Research Paper Abstract
This 3-page paper examines the definitions and differences between neo-classical and classical organizations, and briefly discusses the culture of each. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTneoorg.rtf
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Unformatted sample text from the term paper:
this paper, well explore two theories in organizational management - the classical theory and neo-classical theory. Well discuss them, and compare and contrast the theories with one another. The definition
of an organization is a group of people, or a social unit, that comes together with a specific purpose (Kansas State University, 2004).
The classical organization theory, supported by economist Adam Smith, involved the division of labor (Kansas State University, 2004). Classical theory supported other tenants including that organizations exist to accomplish
production and economic goals; there is only one best way to organize for product and, as mentioned before, production is maximized through division of labor (Kansas State University, 2004). Introduced
as early as the late 18th century, classical theory pretty much held sway among most corporations until the early 1930s (Kansas State University, 2004).
At that time, pretty much when things were in an economic slowdown, the neo-classical theory of organizational management came about (USCS, 2004). Unlike the classical theory, neo-classical theory
focused less on the organization and more on the individual organizations. For one thing, it is assumed that since individuals supply the labor, they will maximize their utility depending on
how much income (goods) and leisure they want to accrue (USCS, 2004). Individuals make a choice as well in terms of occupation and pay (USCS, 2004).
The second aspect of neo-classical theory is that business firms maximize profits by selling goods at less than the cost of producing them, and that production
requires inputs, such as labor (USCS, 2004). Demand for labor depends on maximizing output for a given cost (USCS, 2004). In other words, if the labor costs are more than
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