Asked by alexis nuara on Jun 04, 2024
Verified
Economic theory of motivation is closely aligned with which management strategy?
A) differentiation management strategy
B) high-involvement management strategy
C) human relations management strategy
D) classical management strategy
Classical Management Strategy
A theory of management that focuses on organizational efficiency and effectiveness through strict planning, organizing, leading, and controlling.
Economic Theory
A broad concept that encompasses various theories and principles aimed at understanding how economies function, the factors that drive economic growth, and the distribution of resources.
Management Strategy
An overarching plan or set of goals designed to achieve competitive advantage and meet organizational objectives.
- Comprehend different management tactics and their consequences for incentive schemes.
Verified Answer
TB
Tamaraa BasantesJun 07, 2024
Final Answer :
D
Explanation :
The economic theory of motivation, which suggests that employees are primarily motivated by money and economic incentives, is closely aligned with the classical management strategy. This strategy focuses on efficiency, productivity, and minimizing costs, often emphasizing a top-down approach to management and the importance of organizational structure and control.
Learning Objectives
- Comprehend different management tactics and their consequences for incentive schemes.