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Explain the foundations of classical management. What are the benefits and drawbacks of this approach?
Exit-Voice-Loyalty-Neglect
A model describing how individuals respond to dissatisfaction in organizations or relationships, choosing among exiting, voicing concerns, remaining loyal, or neglecting responsibilities.
Voice
An individual's expression of opinions or the ability to speak up in a group setting, often related to organizational feedback mechanisms.
Organizational Commitment
The psychological attachment and loyalty an employee feels toward their organization, often resulting in continued employment and high levels of effort.
Employee Involvement
A management philosophy that emphasizes the importance of employees making contributions to and participating in decisions that affect their work and the organization.
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