Important names associated with the classical theory are those of
1. Henry Fayol
2. Max Weber
3. Luther Gulick
4. FW Taylor
Select the correct answer:

Solution (By Examveda Team)

Correct Answer: Option C: Both 1 and 4 (Henry Fayol and FW Taylor)

Explanation:

The Classical Theory of Management is primarily based on two main approaches: Administrative Management and Scientific Management.

Henry Fayol – Developed Administrative Theory, introducing 14 principles of management, which emphasize organizational structure and managerial functions.

FW Taylor – Known as the Father of Scientific Management, focused on improving work efficiency through time and motion studies, standardization, and task specialization.

Why Not the Other Options?

Max Weber – Associated with Bureaucratic Management, which, while structural, is not a core part of classical theory in the same way as Fayol and Taylor.

Luther Gulick – Developed POSDCORB, which aligns more with public administration rather than the core classical theory.

Thus, Henry Fayol and FW Taylor are the key figures of Classical Theory, making Option C the correct choice.