DID CORPORATE GOVERNANCE FAIL OR THAT THE BUSINESS OF BUSINESS IS RISKY AND WRONG DECISIONS WILL BE MADE - What Lessons Can we Learn from Self-Regulation?

Dr Krishna Reddy (), Pr Stuart Locke and Francis Scrimgeour
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Dr Krishna Reddy: Department of Finance, Waikato management School, The University of Waikato, Hamilton, New Zealand
Pr Stuart Locke: Department of Finance, Waikato management School, The University of Waikato, Hamilton, New Zealand

Global Journal of Strategies, Governance & Applied Economics, vol. 3, issue 1, 23-51

Abstract: This paper looks at the challenges that most organizations face in the management of their work environments, with respect to the tools that they can use to effectively capture both the explicit and tacit knowledge held by their employees for subsequent reuse when decisions need to be made. The problemidentification workshop (PIW), which is a participatory tool for enhancing the management of work environment in an organization, was tested in an organization. Participants identified organizational problems, proposed solutions to them, realistically assessed the desirability and possibility of these solutions, and finally recommended action plans to the organization for its short-term, intermediate and longterm design and management of effective work environment towards enhancing work life and productivity in the organization. It was concluded that PIW is a good socio-pedagogic method that can be used as an intelligent participatory intervention tool by managers in organizations in the management of their work environments.

Keywords: Corporate Governance; Risk; Self-Regulation (search for similar items in EconPapers)
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