Final answer:
The contemporary field focusing on behavioral perspectives on management is Organizational Behavior, which delves into how individuals and groups behave within an organization to improve its effectiveness.
Step-by-step explanation:
Contemporary Field in Behavioral Perspectives on Management
The contemporary field focusing on behavioral perspectives on management is Organizational Behavior. This discipline examines how individuals and groups act within an organization, and uses this information to help improve organizational effectiveness. It incorporates concepts from psychology, including cognitive, development, and social factors affecting behavior in an organization. Industrial and Organizational Psychology is another related field that applies psychological concepts to workplace settings, but Organizational Behavior is specifically concerned with employee behavior and organizational culture.
In contrast, Human Resource Management focuses on practices related to hiring, training, and managing an organization's human capital. Strategic Management deals with the formulation and implementation of the major goals and initiatives taken by an organization's top management. Financial Management revolves around the prudent management of a firm's monetary resources. Therefore, the correct answer to the question is Option 2) Organizational Behavior.