The Neo-Classical theory is related to the importance of behavior for individual and group members that considers the relations.

Question No: 1

The Neo-Classical theory is related to the importance of behavior for individual and group members that considers the relations. In the Neo-Classical approach, the emphasize is on the human relationship and social relations related to the researchers, operators, and supervisors. The productivity increases in the work place by the high morale, personal attention, individual attention and intimate attention of workers (Chrisdonasco. blogspot. com, 2014). The Neo-classical approach is formally for the organizational structure and principles of human nature are considered in the approach. The principles of neo-classical approach include distinct consideration for the individual, work group, and participative management (Fao. org, 2018).

The main difference between neoclassical and classical economics is based on the concept of utility. In the case of classical economics, the conspicuous theories consider value, growth, and labor. In classical economics equilibrium function is higher as compare to neoclassical economics (Chrisdonasco. blogspot. com, 2014). The values are also different for the cost of the production process and function of supply and demand. in neoclassical economics value is utility and in classical economics, the value is the cost (Chrisdonasco. blogspot. com, 2014).

Question No: 2

Chester Barnard developed a complete theory for the natural system of organization. The complex components of the cooperative system in the organization are social, physical, biological, and personal components that are for the specific systematic relationship. According to Barnard, the needs of the organization is to achieve a system of equilibrium (Study. com, 2018). The two processes are interrelated processes and equilibrium. In the first process, the equilibrium is developed in the organizational characteristics and external environment. In the case of the second process, the approach of collective purpose is used for a higher degree of satisfaction (Study. com, 2018).  

Question No: 3

The organizational structure, according to Robert K. Merton involves the social structure, pattern of activity, and action of functionality. The purpose of the organization is to work under a limited number of obligations and privileges (Sociosite. net, 2019). The authority is provided by the power of control to the acknowledgment of status and official role. The formality is manifested by an integrated system and mutual expectation is considered. According to Robert, the election of higher functionaries can measure flexibility (Sociosite. net, 2019).

Question No: 4

Herbert Simon has a major contribution to the management as he provided the concept of organization, bounded rationality, decision-making, organizational communication, and administrative man (Yourarticlelibrary. com, 2019). The complex network organization requires decisional processes. The behavior of organization operatives has an influence on the decision-making process. The concept provided by Simon for the development of an organization consists of intelligent activity, design activity, and choice activity. The concept of bounded rationality is criticized by the theory and assumptions of rationality are the principle of satisfaction process (Yourarticlelibrary. com, 2019).

Question No: 5

The contribution of March in the modern ideas of business is related to the organizational economics and organization theory. The behavioral theories are at different subsequent development processes in the organization (Cairn. info, 2013). The strategic management and the learning process are required for the modern development of transaction cost economics and evolutionary theory. The theory is related to the development of business and history. March focused on research learning and strategic management (Augier, 2004).

References

Augier, M. (2004). March'ing towards “a behavioral theory of the firm”: James G. March and the early evolution of behavioral organization theory. Management Decision, 42(10), 1257-1268.

Cairn. info. (2013). behavioral theory of the firm: hopes for the past: lessons from the future . Retrieved from www.cairn.info: https://www.cairn.info/revue-management-2013-5-page-636.htm

Chrisdonasco. blogspot. com. (2014, 06 10). CONTEMPORARY POLITICAL ISSUES AND UPDATES. Retrieved from chrisdonasco.blogspot.com: http://chrisdonasco.blogspot.com/2014/06/difference-between-classical.html

Fao. org. (2018). Session 1. Organizational theories. Retrieved from www.fao.org: http://www.fao.org/docrep/w7503e/w7503e03.htm

Sociosite. net. (2019). Bureaucratic Structure and Personality. Retrieved from www.sociosite.net: https://www.sociosite.net/sociologists/texts/merton_bureaucratic_structure.php

Study. com. (2018). Chester Barnard's Management Theory: Overview. Retrieved from study.com: https://study.com/academy/lesson/chester-barnards-management-theory-lesson-quiz.html

Yourarticlelibrary. com. (2019). 5 Major Contributions of Herbert Simon towards Management. Retrieved from www.yourarticlelibrary.com: http://www.yourarticlelibrary.com/management/5-major-contributions-of-herbert-simon-towards-management/27907