APPLICATION OF THEORY X AND Y IN THE EFFECTIVE MANAGEMENT OF BUSINESS FACILITIESSam Otamiri
What Circumstances are Conducive to Using Theory X or Y or Z? The choice of a management philosophy (X/Y/Z) depends on the organizational culture, the nature of the workforce, and the goals of the organization. Below are typical conditions under which each theor... ...
In the 1960s,Douglas McGregor,one of the key thinkers in the art of management,developed the mow famous Theory X and Theory Y.Theory X is the idea that people instinctively (51)___ work and will do anything to avoid it.Theory Y is the view that everyone has the potential to find sat...
Agency theory suggests that, in imperfect labor and capital markets, managers will seek to maximize their own utility at the expense of corporate shareholders. Agents have the ability to operate in their own self-interest rather than in the best interests of the firm because of asymmetric informat...
This paper has reviewed five applications of game theory in the OM/IS field. While this field has been relatively slow to exploit game theory, it is now rapidly changing as the field is expanding its interest to multiparty coordination (for example, supply chain management). Some new subjects...
The quest for management theory started in earnest at the dawn of the twentieth century. Its goal is to make management a reliable undertaking, leading to predictable results. Disagreement exists about the research framework best suited to this pursuit.
The procedure for good theory-building research follows the definition of theory: it defines the variables, specifies the domain, builds internally consistent relationships, and makes specific predictions. If operations management theory is to become integrative, the procedure for good theory-building ...
Furthermore, the set of mixed-strategy Nash equilibria includes gw=0 and equal randomization between gs1=0 and 0<gs2≤z. If the payoff scheme is continuous (for example, with payoff functions πi=100−(gi−pgw+r.gsr+1)2 where i=w,s, as in Nagel et al., 2017), then out of ...
The insights of bargaining theory can be most easily understood in the context of bilateral monopolists, A and B, bargaining over a pie of size π.52 The set of possible agreements is given by X=xAxB:0≤xA≤πandxB=π−xA. Utility to player i from an agreement is ui = Ui(xi)....
where x and y are the transversal coordinates, z is the axial coordinate, A is the cross sectional area, and n(x,y,z) is the RI. For a circularly symmetric structure of radius r(z) and a RI that is only a function of z (i.e., RI constant at each z plane), Eq. 3 can be...