MPA Unit 1 Chapter 3 & 4 | Neo-Classical and Modern Management Thoughts | BCom DU Semester 1 2025

Welcome to this detailed lecture on Management Principles and Applications (MPA) Unit 1, Chapters 3 & 4, where we explore the evolution of Neo-Classical and Modern Schools of Management Thought. This video is designed for BCom, BCom (Hons.), DU, DU SOL, and NCWEB Semester 1 students under the NEP 2025 syllabus.

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In this lecture, we dive deep into how management theories evolved after the Classical School of Thought, giving rise to new perspectives that focused on human relations, motivation, behavioral science, and modern systems approach to management.

🔑 Topics Covered in This Lecture:
📍 Chapter 3: Neo-Classical School of Management Thought

Introduction to Neo-Classical Theory

Origin and significance of Neo-Classical Approach

Shift from mechanical to human-centered management

Human Relations Approach

Elton Mayo and Hawthorne Experiments

Importance of motivation, communication, and leadership

Informal organization and employee satisfaction

Behavioral Approach

Understanding human behavior in organizations

Contributions of Abraham Maslow, McGregor, and Herzberg

Theories of motivation and leadership styles

Key Features of Neo-Classical School

Emphasis on social and psychological factors

Recognition of individual and group dynamics

Better communication and participative management

📍 Chapter 4: Modern School of Management Thought

Introduction to Modern Approach

Integration of Classical and Neo-Classical ideas

Management as a dynamic and adaptive process

Systems Approach to Management

Organization as an open system

Interaction of subsystems and environment

Inputs, processes, and outputs

Contingency Approach

“No one best way” of managing

Adapting management style to situation and environment

Contributions by Lawrence & Lorsch, Fiedler, etc.

Quantitative / Management Science Approach

Use of mathematical and statistical tools in decision-making

Operations research, linear programming, decision theory

Key Characteristics of Modern Approaches

Integration of technology and data-driven decisions

Focus on adaptability, innovation, and continuous improvement

🎯 Why Watch This Video?

Covers MPA Unit 1 Chapters 3 & 4 comprehensively

Based on University of Delhi BCom Semester 1 syllabus (DU, DU SOL, NCWEB)

Clear explanation of Neo-Classical and Modern Management Approaches

Helpful for exam preparation, assignments, and concept clarity

Simplified teaching with examples and summaries for better retention


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