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Theory X and Theory Y. Theory X and Theory Y are theories of human work motivation and management. They were created by Douglas McGregor while he was working at the MIT Sloan School of Management in the 1950s, and developed further in the 1960s. [1] McGregor's work was rooted in motivation theory alongside the works of Abraham Maslow, who ...
This dictatorial style is based on Theory X of Douglas McGregor, and is commonly applied in companies on the edge of real or perceived failure. This style is often used in cases of crisis management. The status quo (previously, middle-of-the-road) style (5,5): balance and compromise. Managers using this style try to balance between company ...
University of Chicago (PhD) Occupation (s) Professor, author. William G. "Bill" Ouchi (born 1943) is an American professor and author in the field of business management. He is the Distinguished Professor of Management and Organizations, Sanford and Betty Sigoloff Chair in Corporate Renewal at the UCLA Anderson School of Management.
Managerial psychology is a sub-discipline of industrial and organizational psychology that focuses on the effectiveness of individuals and groups in the workplace, using behavioral science. The purpose of managerial psychology is to aid managers in gaining a better managerial and personal understanding of the psychological patterns common among ...
A management style is the particular way managers go about accomplishing these objectives. It encompasses the way they make decisions, how they plan and organize work, and how they exercise authority. [2] Management styles varies by company, level of management, and even from person to person. A good manager is one that can adjust their ...
For others named, see Douglas Macgregor (disambiguation). Douglas Murray McGregor (September 6, 1906 – October 1, 1964) was an American management professor at the MIT Sloan School of Management and president of Antioch College from 1948 to 1954. [ 1 ] He also taught at the Indian Institute of Management Calcutta.
Peter Ferdinand Drucker (/ ˈdrʌkər /; German: [ˈdʀʊkɐ]; November 19, 1909 – November 11, 2005) was an Austrian American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of modern management theory. He was also a leader in the development of management education, and ...
Chicago school of economics. The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles. Milton Friedman and George Stigler are considered the leading scholars of the Chicago school. [ 1 ]