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Essay / Research Paper Abstract
This 8 page paper consider how the presence of industrial democracy in a firm may help or hinder the decision making process. The paper shows how increased input from employees may result in better decisions and how this may also cause unacceptable delays or bias the decision making process. The bibliography cites 6 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEinddem.rtf
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Unformatted sample text from the term paper:
looking at the work place and the idea of industrial democracy is the same attitude fair. Many ideas seen in the human relations school of though for employee management, such
as participative management the empowerment of employees and quality circles may al be seen as tool by which democratic processes may become involved. Paradigms that look to the validity of
all stakeholders such as the corporate wealth maximisation model may also facilitate the view of the need for democratic input. However, it can also be noted that these are
tools that facility listening and motivation, but do not require a demotic process to be enacted. The methods of autocracy and the tell approach may be seen as synonymous with
Taylorism and scientific management, far removed form democracy, however, when examined this is also an assumption and an easy fit model, but this does not disallow some democratic processes t
take place. There are many interests that the divergent groups will have. When a stakeholder approach of the corporate wealth maximisation model is applied it can be argued that
democracy may increased participation and in some instances lead to a more utilitarian decision, but due to the wide diversity may also create delay and confusion, hindering commercial decision making
processes, which need to be decisive and rapid in order to respond to changing commercial environmental conditions. It was Porter that argued that the key to effective decision making was
for the decision to be made with decisive leadership. Even if the decision was wrong, it was better than dithering and making no decision, or delaying the decision making processes
until was too late (Thompson, 1998). In this manner a limited democracy, such as possible with the shareholder maximisation model, where it is the shareholders that are seen as
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