Exercise 7.1 In 1991, the best-selling book Theory Z (1981), by William Ouchi, s

Question

Exercise 7.1 In 1991, the best-selling book Theory Z (1981), by William Ouchi, sug- gested that many U.S. firms might benefit from transition to a "Theory Z" management system that could blend features of traditional American (Type A) and Japanese (Type J) management (Table 7.7). Ouchi noted that several firms had already moved in that direction, mentioning General Motors, Ford, Chrysler, Hewlett-Packard, IBM, Intel, Rockwell International, and Texas Instruments. ssignment: Investigate whether and to what degree any of the firms in lable 7.7 (or any others that you know of) have shown a Type Z profile.

Explanation / Answer

Theory z is Japanese management style discovered by dr.william ouchi.

This system is focused on increasing employee loyalty to the company by

Providing a job for life with a strong vision on the well bieng of the employee

Both on and off the job.

The benefits of theory z management system are:-

:- stable employment.

:- high productivity.

:- high employee morale and satisfaction.

Many companies are decided to experiment theory z philosophy.

The companies which are adapting this theory are :-

- Samsung, Toyota, Hyundai, Daewoo,kumho, samayang..etc

This theory is beneficial because ouchi claimed that it would

Reduce employee turnover, and also increase employee commitment.

And it will help improve morale and job satisfaction.and it will help in

Drastic increase in productivity. So this is the reason behind all companies

Adapting ouchi philosophy.

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