ABM MODULE B || ESSENTIAL THEORISTS AND THEIR THEORIES || 10 MARKS FIXED || MUST KNOW FOR EXAM

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Welcome to our detailed guide on the essential theorists and their theories for the CAIIB ABM Module B exam! In this video, we cover the most important theorists and their groundbreaking theories that are crucial for scoring high marks in your exams.
We will discuss:
Frederick Winslow Taylor - Scientific Management Theory: Focuses on improving economic efficiency and labor productivity through scientific methods.
Elton Mayo - Hawthorne Studies: Highlights the impact of social relations, employee satisfaction, and workplace conditions on productivity.
Max Weber - Bureaucratic Theory: Emphasizes the importance of a structured hierarchical organization governed by clearly defined rational-legal decision-making rules.
Henri Fayol - Administrative Management Theory: Outlines 14 principles of management and the five primary functions of management.
Douglas McGregor - Theory X and Theory Y: Discusses two contrasting models of workforce motivation and management styles.
Abraham Maslow - Hierarchy of Needs: Introduces a pyramid-shaped hierarchy of human needs from basic physiological needs to self-actualization.
Herzberg's Two-Factor Theory: Differentiates between hygiene factors and motivators that affect job satisfaction and productivity.
McClelland’s Theory of Needs: Identifies three key motivators: the need for achievement, affiliation, and power.
Vroom's Expectancy Theory: Examines the relationship between effort, performance, and outcomes, highlighting the role of expectancy, instrumentality, and valence.
Kurt Lewin - Change Management Model: Explains the three stages of change: unfreezing, changing, and refreezing.
Understanding these theories not only helps in exam preparation but also provides valuable insights into effective management practices. Be sure to watch till the end for tips on how to remember these theories easily!
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CAIIB, CAIIB ABM, CAIIB ABM Module B, CAIIB Exam Preparation, Management Theories, Frederick Taylor, Elton Mayo, Max Weber, Henri Fayol, Douglas McGregor, Abraham Maslow, Herzberg, McClelland, Vroom, Kurt Lewin, Bank Exams, Management Studies, MBA, Business Management, Theorists
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