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Whittington's 'classical ' and 'evolutionary' Schools of Thought
Juliet Bobb, Student (University), Trinidad and Tobago, Member
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Could someone please explain Whittington's 'classical' and 'evolutionary' schools of thought? Thanks... (...) Read more? Sign up for free
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Whittington's Classical and Evolutionary Schools of Thought
Sam Hwambo. BA Hons. Bus Stud (Open), Accountant, Zimbabwe, Member
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The classical approach empasizes profitability as the supreme goal of business and rational planning as the means to achieve it.
The evolutionary perspective is less confident about management's ability to plan and act rationally. Rather than relying on mangers, it expects markets to secure profit maximization.
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