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What is human relations?

Definition of human relations Merriam-Webster defines “human relations” as the “study of human problems arising from organizational and interpersonal relations (as an industry).”

What is the human relations theory of Management?

The Human Relations Theory of Management, established by Elton Mayo in the 1920s, focuses on the importance of social and psychological factors in the workplace. It views employees as social beings with unique needs and behaviors, rather than mere economic entities.

Why is human relations important in business?

Studies support the importance of human relations in business. The results of Mayo’s Hawthorne studies showed that relationships are the most influential factor in productivity. The researchers realized productivity increased due to relationships and supportive groups where each employee’s work had a significant effect on the team output.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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