Table of contentsIntroductionThe classical approachWhat are the contemporary approaches to management?ConclusionReferencesIntroductionIn this era of technical boom, the world will struggle to keep up with growth exponential of all areas involving technology. This essay aims to identify how contemporary business ideology is slowly taking the world by surprise and how it cannot be stopped as it favors more worker-centric business modules, also emphasized by the human relations and post-bureaucratic perspective . The main aim of the essay is to clarify why contemporary modules should completely remove outdated classical approaches. I agree with the point regarding contemporary approaches to management, as they give more freedom to workers at the bottom of the ladder rather than just being a name on paper. This also leads to better performance and productivity among workers as they have the opportunity to seize the opportunities provided to them. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The Classical Approach The classical approach was developed in the industrial age which applied the scientific method and. It is highly subjective to believe that people's motivation to work is based solely on the monetary gain necessary to achieve their physical and economic goals. The classic approach is mainly based on efficiency, productivity and the overall result produced by its employees as well as the organization as a whole, leaving behind the human or behavioral aspects or variations found in employees (Raman and Thapliyal, 2019). We also see that the classical approach has been criticized over the last decade because it ignores the voice of its employees by ignoring their emotional attributes while working for the organization. Even in this given scenario, the classical method has its importance, which makes it usable in many cases. The clear management structure of its functions and operations constitutes its main attraction factor. Given its simple and effective structure, it is much easier to manage and makes tasks easier and more efficient to complete, which directly or indirectly improves and increases the productivity rate. When the theory of contemporary approach in implemented companies does not see their production numbers. Increase, but the creativity that lies beneath each individual remains invisible. The emotion that motivates people to work in today's generation is therefore heavily neglected by attempts to predict and manipulate what makes us human; creativity and relationships. In other words, this method views workers as a machine but fails to identify the impact that employee job satisfaction, feelings, and morale can bring to the company. This can be the. This is why this approach slowly began to fade after the rise of the human relations movement which demanded a better understanding of the motivational factors that determine productivity (StudyMoose, 2016). In the real world, the classic method has proven to be practical and effective. over the last century, and it cannot be ignored, how blue-chip publicly traded companies have grown over the past decades using the same methodology, even though this is all true and may be contradictory, the approach n failed to show any effectsignificant. importance in this dynamic and ever-changing world of internet and technology. Therefore, companies will need to develop logical and reliable business strategies and must be able to use the management accounting tools and resources available. It is also a fact that globalization, trade deregulation and technological fusion in the business world have played a vital role in making businesses so complex and dynamic, surpassing the classical approach, making them more competitive and encouraging innovation. Contemporary approaches to Management? On the other hand, the modern or contemporary method is a method in constant evolution and adaptation. The current economic scenario is mainly determined by hyperglobalization and technical development (Jones and Comunale, 2019). The reason behind this may be technology that is now inseparable from today's module and those who cannot keep up are for example left behind; Nokia, as a smartphone maker, was once the definition of cellphone dominance, but its inability to keep pace with technology led to the sale of the brand to Microsoft in 2013 after the emerging trend of touchscreen smartphones, followed by the iPhone. This is because technology is an inevitable part of contemporary management and with the onset of globalization, management must take into account more diverse factors in the management of organizations (Hickson and Pugh, 2014). The main concern of this module is not how to communicate but rather what should be said to whom and how it should be said (Kotler and Keller, 2006). This takes seriously any concerns that have not been taken lightly or at all regarding human behavior and considers them as driving factors for employees (Fleischman, Johnson, Walker, & Valentine, 2019). This module will be much more effective at the individual level because everyone's voice is heard and carries enough weight to change an organization's entire business model. This factor is small and may go unnoticed but can play an important role in transforming and moving the business into something that is not just a business run by board members and stakeholders. Whereas if one tried to understand the organizational structure of a typical module, it would be more like a pyramid in which the CEO, the president of the company and the senior management remain at the top of this pyramid. While the middle of the pyramid is the middle. Managers, lower managers and lower levels are occupied by employees, so employees are the scapegoat for all other high positions. Given this, the contemporary module is the rigid top-down model of traditional structure that is being removed in favor of teams working together on projects. . Where the serious managers are. Should run and be responsible for the whole thing. Employee effort, this organizational module has been designed in a way to empower employees. Audience-based decisions and products. Request. In this structure, employees are shown the goal and the way to achieve it and employees tend to find the most effective way to do it. This structure eliminates the pyramid design (Vanharanta and Markopoulos, 2019). This is demonstrated by the classic business and gives employees a reward for the work they have done. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Conclusion Putting all this.. 178–195