Aesop revisited: a management fable of the 80s
Article Abstract:
A hypothetical company successfully run by its founder hires an outside management expert to improve profits and plan future strategies. After implementing some form of every major management theory and trend, the company's profits decline and operations remain unchanged. The moral to this fable is that management theories are only tools, they are incapable of bringing about change in and of themselves. Among the management tools discussed in the story are: MRP II (manufacturing resource planning software), Theory Y and Theory Z forms of corporate cultures, decentralized management, and zero-based budgeting. Managers must resist employing theories without carefully assessing the applicability of these ideas to real world situations.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1986
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Ownership structure and inventory method choice
Article Abstract:
The effects of managerial ownership or shareholder ownership on inventory control method choice are examined. Results indicate that the likelihood of last-in first-out inventory control is positively related to managerial ownership when managerial ownership is high, and it is negatively related to managerial ownership when managerial ownership is low. The likelihood of last-in first-out inventory control is increased by higher outside ownership.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1989
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From incremental change to retrofit: creating high-performance work systems
Article Abstract:
Organizations that have implemented total quality management systems nevertheless exhibit a reluctance to change much of their organizational culture. Other organizations have managed to change themselves into high-performance systems that emphasize skills, teamwork and quality performance. Personnel are made to undergo rigorous selection processes, training and an effective reward system.
Publication Name: The Academy of Management Executive
Subject: Business, general
ISSN: 0896-3789
Year: 1995
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