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Most industry is related to the economical and social environment. In twenty-first century, the world economy is going down. If we want to have stronger economy again, we have to deal with management practices and see if those practice fit to the society or not. Social and Economic changes always influence management practice on the relationships between employers and employees and on productivity.
The economic environment from the early twenty century and now have a lot of differences, so the management practices in early twenty century and now are also different. In early twenty century, after world war II , the industry was growing fast and new products, new industry were building by what people need...
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