What is the major contribution of the Hawthorne studies that were conducted between1924 and 1932 at Hawthorne Electrical Company?O helping develop the concept of bounded rationalitydiscovering the influence of the broader environment on management practicemaking understanding of culture and change more immediately relevant to management researchoffering new insights about optimizing the effectiveness of diversity management programshelping launch an entire area of study devoted to motivation and teams

Economics is a social science that studies how individuals, businesses, governments, and societies…

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