business management theories

Business management theories are frameworks that guide how organizations operate and achieve their goals. Key theories include: 1. **Classical Management** focuses on efficiency and structure. 2. **Human Relations** emphasizes the importance of employee welfare and motivation. 3. **Systems Theory** views organizations as interconnected parts working towards a common goal. 4. **Contingency Theory** suggests that management practices should adapt based on the specific situation. These theories help managers make informed decisions, improve productivity, and foster a positive workplace culture, ultimately driving organizational success.