Neoclassical theory was an attempt to incorporate behavioural sciences into management thought to address the limitations of classical theory. What is one of the key focuses of neoclassical theory?

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Accepted Answer

Recognising the importance of human elements in management

Answer

Strict hierarchy and centralization of authority

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Maximizing profit for shareholders

Answer

Promoting rapid industrialization

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Neoclassical theory was an attempt to incorporate behavioural sciences into mana...

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