Today managements develop their common goal as per the present requirements of society, environment and community. The increasing concern for corporate social responsibility and community development is one of major evidences in this respect. The Critical Management Theory (CMT) is a reasonable and effective theoretical approach for managing the postmodern organisations. These theories include a wide range of views and ideas that criticize the traditional management theories. CMT attempts to explore, recognise and relate the similar attributes of management basics and critical theories. Critical managements studies deals with the different areas of management theories. More specifically, it is the academic field for critical management theories. Sudhanshu Katyal has explained that “Critical Management Studies (CMS) challenges and offers alternatives to received wisdom about ‘management’” and it “is differentiated from mainstream research by (i) its unorthodox treatment of established topics (e.g. motivation, strategy) and/or (ii) its attention to marginalised issues (e.g. post-colonialism, environmentalism)” (Katyal, 2009, p.7-8). This paper will attempt to present an explanation and discussion on CMT and its application in managing postmodern organisation. The discussions will try to focus on multiple perspectives of critical management theories. At first, the importance of critical management theories in postmodern organisations will be discussed. This section will clarify term ‘postmodern organisation’ by pointing out its major characteristics. The next section will present different approaches of CMT. This section will try to evaluate critical theories. The third section will aim to demonstrate the application of critical management theories in postmodern organisation. Finally, based on the overall analyses and discussions, the findings will be summarised in conclusion. Importance of Critical Management Theory in Postmodern Organisation CMT is an important area of organisation management. The society and human thought processes are not static and it tends to changes with time. Therefore, the organisational behaviour of mangers and organisation culture also vary as per time periods. Such changes lead to increase the requirement new theories and new management approaches. CMT is very useful in this respect. This paper is trying to focus in CMT and its application in postmodern organisation. However, before proceeding towards the main objective of this paper, it is necessary to understand the postmodern organisation and its various aspects. The postmodern organisation is an emerging concept which differs from the modern organisational ideas and views. The managerial behaviour of postmodern organisation is more flexible and more capable in countering the organisational affairs. However, the tasks in postmodern organisation have become more complex and difficult comparing to modern organisations. There are five major aspects in an organisation i.e. planning, organising, influencing, leading and controlling. These aspects in postmodern organisation are shelf-managed and self-controlled by the coordination of cross-functional
Critical Management Theory (CMT) and its application as an analytical tool for resolving problems in a post-modern organisation Table of Contents Introduction 3 Importance of Critical Management Theory in Postmodern Organisation 4 Different Approaches in Critical Management Theory 6 Marxist Theory 6 Labour Process Theory 7 Application of Critical Management Theory in Postmodern Organisation 8 Conclusion 10 Reference 10 Introduction Since last five decades, scholars and critics have been trying to develop multiple innovative and modernized approaches for managing an organisation…
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In the given case study, the one year forward rate of the of British pound can be calculated as follows Country Nominal annual interest rate Spot rate USA 0.78% N/A UK 1.58% 1.62 Substituting the values in the interest rate parity formula Forward rate = ( 1 + 0.0158 ) x 1.62 1 + 0.0078 Forward rate = 1.633 The exchange rate can be determined using the purchasing power parity theory as follows Fr = 1 + Po Sr 1 + Pd Where Fr is the theoretical parity forward rate which is being determined Sr is the current spot rate Po is the prevailing inflation rate of the overseas country; and Pd is the prevailing inflation rate of the domestic country.
The research aims to respond to the question of the applicability of Greenberg's modernism/post-modernism theory to contemporary photographic art. In an attempt to satisfy the stated purposes, the research will first overview Greenberg's writings, following from which it will define and discuss the concepts of modernism and postmodernism.
gs: firstly, at the primary level its main objective is to demonstrate and foster the development and refinement of a body of knowledge describing the paradigms which exist within the many fields of research and secondly, at the practice level or applicatory level, to present an
Personal information includes financial and tax identification. According to Ganor (2011) this information helps the deal to be in compliance with US laws, rules, and those enforced by self- regulatory organizations