Final answer:
Classical management in the field of business involves studying management decisions, improving economic efficiency, and utilizing different management styles. This approach aims to improve operations and achieve organizational goals.
Step-by-step explanation:
The subject of the question is Business. Classical management is the careful, objective study of management decisions and procedures in order to improve the operation of businesses and organizations. It involves analyzing workflows, improving economic efficiency, and focusing on leadership behavior. Managers in this approach assume specific management styles, such as Theory X or Theory Y, and aim to make the most profit for the employer while providing the best outcome for the employee. Other management styles, like strengths-based management, also exist that focus on utilizing individuals' strengths for organizational success.One example of classical management is the theory of scientific management by Frederick Taylor, which emphasizes redesigning the workplace for increased productivity and better wages for workers. Another example is Donald Clifton's strengths-based management, which emphasizes focusing on employees' strengths for growth and performance. Overall, classical management aims to improve business operations and achieve organizational goals.