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Short-termism, control, quick-fix and bottom line: toward explaining the Western approach to management

Mamman, A and Saffu, K (1998). Short-termism, control, quick-fix and bottom line: toward explaining the Western approach to management. Journal of Managerial Psychology,13(5-6):291-308.

Document type: Journal Article
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Title Short-termism, control, quick-fix and bottom line: toward explaining the Western approach to management
Author Mamman, A
Saffu, K
Journal Name Journal of Managerial Psychology
Publication Date 1998
Volume Number 13
Issue Number 5-6
ISSN 0268-3946   (check CDU catalogue open catalogue search in new window)
Start Page 291
End Page 308
Place of Publication England
Publisher MCB University Press
HERDC Category C1 - Journal Article (DEST)
Abstract Western managers have been criticized for their obsession with profit maximization, concentration on short-term benefits, control of the work process and hastiness in adopting and abandoning new ideas. Why Western managers manage the way they do has not been addressed adequately in our view. This paper seeks to address this issue by presenting theoretical analysis that attempts to improve our understanding of why managers are preoccupied with pecuniary considerations, myopic decisions, work process control, hasty adoption and quick abandonment of novel ideas. This exploratory paper argues that without considering factors such as the managers’ national culture, the pressure from shareholders and the stock-market, the objectives of the organization, and the organization as a rational institution, the behaviour of Western managers may not be fully explained and the criticisms may therefore be unjustifiable.
DOI http://dx.doi.org/10.1108/02683949810219864   (check subscription with CDU E-Gateway service for CDU Staff and Students  check subscription with CDU E-Gateway in new window)
 
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