Definition: Theory Z is a name used for various combinations of McGregor's Theory X and Y of employee motivation and organizational development.
The most important one is Theory Z by William Ouchi ('81), also called "Japanese Management", having following characteristics: long-term employment - collective decision-making - individual responsibility - slow evaluation & promotion - implicit, informal control with explicit, formalized measures - moderately specialized career paths - and a holistic concern for the employee, including family. Management must have a high degree of confidence in its workers in order for this type of participative management to work.
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2021 MBA Brief - Last updated: 23-10-2021 - Privacy | Terms