Classical Management is a theory that focuses on improving organizational efficiency through structured processes and clear hierarchies. It emphasizes the importance of planning, organizing, leading, and controlling to achieve goals. Key figures like Henri Fayol and Frederick Taylor contributed to this approach by introducing principles that help managers streamline operations and enhance productivity. This management style is characterized by a top-down approach, where decisions are made by upper management and communicated down to employees. By establishing clear roles and responsibilities, Classical Management aims to create a well-organized workplace that maximizes output and minimizes waste, ultimately benefiting the entire organization.