MGM101H5 Lecture Notes - Lecture 3: Mary Parker Follett, Elton Mayo, Henri Fayol
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MGM101H5 Full Course Notes
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Document Summary
Lgm financial services ceo adam hill believes helping others is good for business. Good employees want to work for companies that are consistent with their own views: there is a quantifiable benefit (intrinsic benefit) to not just focusing on the bottom line profits of your company. People often say that this is the kind of manager/company they want to work for. But why are these management styles not common: managers might see it as a waste of time. We could be hours spent on making us more profitable. More theory x managers than theory y: managers might not trust their employees to use the leeway to their own gain at the expense of the company. Note: theory x is often made out to be worse than theory y. Theory x is simply the better theory to be used. In a moment of crisis, people may need to be told what to do.
