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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:pcz:journl:v:14:y:2016:i:1:p:225-231
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