BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Ouchi’s Theory Z combined both American and Japanese management styles that laid emphasis on employee needs and positive work-related outcomes. This hybrid management approach breaks away from McGregor’s theory and places more reliance on employees.

Detailed explanation-2: -Theory Z of Ouchi is Dr. William Ouchi’s so-called “Japanese Management” style popularized during the Asian economic boom of the 1980s. For Ouchi, ‘Theory Z’ focused on increasing employee loyalty to the company by providing a job for life with a strong focus on the well-being of the employee, both on and off the job.

Detailed explanation-3: -Theory Z is an approach to management based upon a combination of American and Japanese management philosophies and characterized by, among other things, long-term job security, consensual decision making, slow evaluation and promotion procedures, and individual responsibility within a group context.

Detailed explanation-4: -In 1981, William Ouchi came up with a method that would combine American and Japanese managing practice together to form Theory Z.

Detailed explanation-5: -In management, X, Y and Z are theories of human motivation relating to Maslow’s hierarchy of needs and how human behavior and motivation are factors in productivity. They describe how management style is influenced by the perception that managers hold of their employees.