Index IntroductionThe classical approachWhat are the contemporary approaches to management?ConclusionReferencesIntroductionIn this era of technical boom, the world will have difficulty keeping up with the exponential growth of every field in which technology is involved. 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 delineated by human relations and post-bureaucratic perspective. While the main objective of the essay is to clarify why contemporary modules should completely eliminate outdated classical approaches. I agree with the point about contemporary approaches to management as it gives more freedom to workers at the bottom rather than just being a name on paper. This also leads to better performance and productivity among workers as they have the confidence to seize the opportunities given to them. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The classical approach The classical approach was developed in an industrial age that applies the scientific method and. It is highly subjective to believe that people's motivation at work is based solely on monetary gain to achieve their physical and economic goals. The classical approach is mainly based on the efficiency, productivity and overall production produced by the employees and the organization as a whole, leaving behind the human or behavioral aspects or variations found in the employees (Raman and Thapliyal, 2019). We also find that the classical approach has been criticized over the past decade for how it ignores the voice of its employees by ignoring their emotional attributes as they work for the organization. Even in this scenario the classic method has its importance, making it usable in many cases. The clear structure for managing its functions and operations is 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 see their production number. It increases, but the creativity that lies beneath each individual remains invisible. The emotion that drives people's motivation to work in today's generation is highly overlooked, so in an attempt 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 within the company. This can be the. why this approach slowly started to fall after the rise of the human relations movement which called for a better understanding of the motivational factors that drive productivity (StudyMoose, 2016). Considered in the real world, the classical method has proven itself to be practical and effective over the last century and there is no hiding how blue-chip companies operating in the stock market have grown over the last decades using the same methodology, while all this is true and can being contradictory, the approach has failed to show any significant relevance in this dynamic and ever-changing world of the Internet and technology. Therefore, companies will need to develop logical and reliable business strategies and will need to be able to use themanagement accounting tools and available resources. It is also a fact that globalization, along with the deregulation of trade and technological fusion in the business world, has played a vital role in making business so complex and dynamic, overcoming the classical approach making it more competitive and stimulating the innovation. Contemporary Management Approaches? On the other hand, the modern or contemporary method is a constantly evolving and adapting modality. The current economic scenario is largely determined by hyperglobalization and technical development (Jones and Comunale, 2019). The reason for this may be technology is now inseparable from today's form and those who cannot keep up are left behind, for example; Nokia as a smartphone maker was once the definition of mobile phone dominance, while the inability to keep up with technology led them to sell the brand to Microsoft in 2013 after the emerging trend of touch smartphones followed by iPhone. This is because technology is an inevitable part of contemporary management, and with the onset of globalization, management needs to consider more diverse factors in managing organizations (Hickson and Pugh, 2014). The primary concern in 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 all concerns that were not taken lightly or not taken seriously at all and as drivers for employees (Fleischman, Johnson, Walker, & Valentine, 2019). This form will be much more efficient at an individual level as one's voice is heard and has enough weight to change the entire business model of an organization. This factor is small and can be left invisible, but it can play a significant role in transformation and evolving the business into something that is not simply a company run by board members and stakeholders. While if you tried to imagine the organizational structure of the classic module it would look more like a pyramid where the CEO, the president of the company and the senior management are at the top of this pyramid. While the center of the pyramid is the center. The mangers, lower and lower mangers are occupied by employees, so employees are the scapegoat for all the other high places. That said, the contemporary form is the rigid top-down model of the traditional structure that is removed in favor of teams working together on projects. Where there are serious managers. It is expected that he will race and be responsible for the overall. Employee effort, this organizational module has been designed in such a way that it allows employees to. 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 efficient way to do it. This structure eliminates the pyramid design (Vanharanta and Markopoulos, 2019). This is demonstrated by the classic company and gives employees a reward for ownership of the work performed. Please note: this is just an example. Get a custom paper from our expert writers now. Get a custom essay Conclusion Putting all this in context, we can conclude that the main advantage of a recent structure style is that workers have the freedom to implement their own choices, build changes and take ownership of their work without interference from the middle management and senior management. This freedom will cause an increase in productivity, a higher quality of work and a major transition in worker satisfaction.. 178–195