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MODERN MANAGEMENT: BEYOND TRADITIONAL MANAGERIAL PRACTICES

Wadim Strielkowski (), Anatoly Shishkin () and Vladimir Galanov ()
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Wadim Strielkowski: Cambridge Judge Business School, University of Cambridge, United Kingdom
Anatoly Shishkin: Plekhanov Russian University of Economics, Moscow, Russian Federation
Vladimir Galanov: Plekhanov Russian University of Economics, Moscow, Russian Federation

Polish Journal of Management Studies, 2016, vol. 14, issue 2, 225-231

Abstract: Traditional top-bottom management in modern post-industrial organizations has become cumbersome and costly. Moreover, the hierarchy of managers imposes a heavy burden on business companies seeking to get rid of X-inefficiency and overspending. There are new approaches to management that include self-management and delegation of decision-making and constitute the keystones of so-called “modern management”. The goal of our paper is to show how management has evolved in the ever-changing business environment and allowed for the employees to become a part of the corporate governance and management of the firm.

Keywords: modern management; visible hand; self-management; corporate governance (search for similar items in EconPapers)
Date: 2016
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