Participative Management

Paper Summary:

This paper attempts to illustrate the effectiveness and importance of participative management in a brokerage firm. The paper begins with an overview of participative management. Next, on the basis of this overview, a discussion is offered as to how management can utilize skills based on participative management in order to maximize the efficiency of the team. The discussion also covers strategies that can be implemented to incorporate participative management into management's daily routine. Finally, a discussion is provided as to why participative management is so important for the success of the team and the larger organization.

From the Paper:

"A number of factors have been identified as influential in helping to insure that positive outcomes occur when participative management is used. Hermel (1990) emphasized that characteristics associated with the organization may either operate to help facilitate or restrain efforts to use participative management. First, the organizational environment must be one that is supportive of efforts to implement the model. Secondly, the culture of the organization must be such that participative management can be blended with strategy to bring about desired outcomes."

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