MGM101H5 Lecture Notes - Lecture 3: Mary Parker Follett, Henri Fayol, Theory X And Theory Y

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Article - lgm financial services ceo adam hill believes helping others is good for business. Lgm is business to business(sells to another business) Hill helping employees makes them believe and trust him. He encourages feedback from his employees, not just one way. Some people say its a waste of productivity, say that its a waste of four days. If the company pays the employees to volunteer in areas they are interested in, it strengthens the bond between company and employee. An employee can have the best qualifications but if their personal goals dont line up with the company"s personal goals then they might not make the best fit. An organization prefers someone with marks as well as extra-curriculars rather than just simply grades. Hill created value of proposition through hiring best people possible. Some managers are just focused on productivity by any means (getting work. Manager focus on what is expected of them.