 Performing Under Pressure:: Managers Embracing New RealitiesHans-Dieter Lochmann and Ulrich Steger European Management Journal, 2002, vol. 20, issue 4, 341-355 Abstract: This article is based on an empirical investigation (including interviews and a survey) into the new working conditions of managers in an age of 'shareholder value'. It identifies the new sources of pressure: new technologies, global markets full of competitors, investor requirements leading to tough financial targets, more demanding customers, and non-stop M&As. Although their views on investors were split, managers felt no aggression towards them. But they all admitted to worsening working conditions: greater overtime and travel, the need to be always available, and more focus on the bottom line. They believed there was some compensation from greater responsibility in team-based structures and incentive salaries. They also recognized that stress can be self-imposed. The interesting question is: how long can such compensatory factors last? Keywords: Managerial; stress; Pressure; Working; conditions; Working; environment (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:20:y:2002:i:4:p:341-355 Ordering information: This journal article can be ordered from Access Statistics for this article European Management Journal is currently edited by Michael Haenlein More articles in European Management Journal from Elsevier |
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