A properly argued or reasoned out ideas about facts or events.
Sets of principles on which a subject of study or an investigation is based on.
 Theories refer to the work of leading thinkers on management their ideas and conclusions about how management should be undertaken
The main aim of studying the theories of management is to establish how managers can achieve effectiveness and efficiency in their work.
Classification
1) Classical theories(scientific theory of management)
2)Human relation(Behavioral approach)
3) Systems theory
4) Contingency


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