An analysis of Douglas McGregor's two theories of management.
Written in 2004; 1,140 words; 4 sources; MLA; $ 39.95
Paper Summary:
This paper discusses the two theories of management formulated by Douglas McGregor. The paper explains that 'Theory Y' contends that employees strive for self-actualization and are thought to be eager to derive satisfaction from work. 'Theory X' is defined by the average employee's inherent dislike of work and the necessity to encourage through rewards and punishment. The paper presents a study of two unnamed companies, in order to discover which type of manager, an X or a Y, would be more successful in achieving productivity, profitability, low absenteeism and staff retention for long periods.
From the Paper:
"Finally, financial information was obtained about the companies. It showed that Company A had a higher gross income each year; Company B, however, retained more income, despite being more generous with its employees, partially because it had lower Unemployment Insurance payouts based on its experience. Because neither company is a public company, the income figures were not readily available. However, Company B was willing to release its figures; one of the ex-employees of Company A was its financial manager, who was the person who had (fortuitously) been fired by Company A and was working at Company B so that she could help estimate current financials for Company A, although they are just that, estimates."
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