Imperatives of Classical and Human Relations Management Approaches to Bank and Other Financial Institutions in Nigeria

Abstract

This study will focus critically on evaluating the application of classical and human relation approach of management theories to Banks and other financial institutions in Nigeria. In this process we will examine the historical development of management along key contributor to classical and human relation management: the classical school was dominated by Henry Fayol (1949), FederickWinslowTaylor (1952), Max Webber (1978)while Human relations school have contributors Maslow on hierarchy of needs, Herzberg on motivation factor, Macbiregor on theories X and Y, Folle various contribution on team work, Argyris – psychological growth and organizational learning, Mintzberg duel on the importance of people, culture and complexity. This exposition will also distinguish between these theories and their inherent benefits.