particpative management Free Essay, Term Paper and Book Report
Participative Management
Participative management has been around a long time. The themes were formalized and popularized by behavioral scientists as Blake and Mouton (Managerial Grid), MacGregor (Theory X and Theory Y), and Lickert (Four-Model Systems). The central idea is that empowered employees will feel better about their jobs and be more productive.
Participative management goes by many names. A recent buzzword is open book management (OBM). This is an emerging, repackaged approach for managing businesses and other organizations. Thousands of businesses that have adopted this style are already running their unique versions. OBM has three central ideas:
1) A culture of trust where there is ready access to information needed to do ones job (hence the name, "open book management"; not necessarily all company information, but sufficient for employees to gauge company performance)
2) Incentive compensation system, of some form, where employees have a stake in the business outcome, good or bad.
3) Business literacy training so that employees can understand the business.
E......
Word Count: 5088
Page Count: 20.3 (250 words a page / double spaced)
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