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Modern Management: Beyond Traditional Managerial Practices

Author

Listed:
  • Wadim Strielkowski

    (Cambridge Judge Business School, University of Cambridge, United Kingdom)

  • Anatoly Shishkin

    (Plekhanov Russian University of Economics, Moscow, Russian Federation)

  • Vladimir Galanov

    (Plekhanov Russian University of Economics, Moscow, Russian Federation)

Abstract

Traditional top-bottom management in modern post-industrial organizations has become cumbersome and costly. Moreover, the hierarchy of managers imposes a heavy burden on business companies seeking to get rid of X-inefficiency and overspending. There are new approaches to management that include self-management and delegation of decision-making and constitute the keystones of so-called “modern management”. The goal of our paper is to show how management has evolved in the ever-changing business environment and allowed for the employees to become a part of the corporate governance and management of the firm.

Suggested Citation

  • Wadim Strielkowski & Anatoly Shishkin & Vladimir Galanov, 2016. "Modern Management: Beyond Traditional Managerial Practices," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 225-231, December.
    • Handle: RePEc:pcz:journl:v:14:y:2016:i:1:p:225-231
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    References listed on IDEAS

    as
    1. John, Richard R., 1997. "Elaborations, Revisions, Dissents: Alfred D. Chandler, Jr.'s, The Visible Hand after Twenty Years," Business History Review, Cambridge University Press, vol. 71(2), pages 151-200, July.
    2. Justyna £ukomska-Szarek & Marta W³óka, 2013. "Theoretical Basis Of New Public Management," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 7(1), pages 282-289, June.
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    Cited by:

    1. Peter Gallo & Ján Dobrovič & Veronika Čabinová & Petra Pártlová & Jarmila Straková & Bohuslava Mihalčová, 2021. "Increasing the Efficiency of Enterprises in Tourism Sector Using Innovative Management Methods and Tools," Social Sciences, MDPI, vol. 10(4), pages 1-13, April.

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