Developed based on the theory of ‘Karl
Marx’. This approach is based on class interests and class conflicts between
labor and capital. Marxist approach focuses on the type of society in which an
organization functions.
The views of this approach are:-
ü IR
has wider meaning. For them conflict
arises not because of rift between management and workers but because of the
division in the society between those who own resources and those who have only
labor to offer.
ü Trade
unions not only enhance their collective industrial power by reducing
competition among individual employees, but also try to protect the interest of
the working class.
