Oes the study of classical management theory have any value for managers in business today?

Marks will reflect
” breadth of knowledge (this is likely to include aspects of relevant theory and examples to illustrate application of theory in practice)
” depth of understanding (demonstrating awareness of the strengths and limitations of any alternative points of view)
” clarity (the ability to use the knowledge gained from reading to address the question set in a clear informative manner)
” appropriate use and referencing of literature sources
Daft, R.(2004) Management. Seventh Edition. South-Western Pub

Robbins, S. & Coulter, M.(2005). Management. Eighth Edition. London. Pearson Education, Inc.

Weihrich, H. & Koontz, H.(1994). Management: A Global Perspective. New York. McGraw Hill

P.S. the assignment using the Harvard system.