Theory XY
the best management theory
what is it
It is a mix of theories X and Y created by Douglas Mcgregor. The x Theory is being strict with the employees while Y theory allow employees a little bit of freedom. The premise is managers allowing some freedom while still controlling other aspects of work. It is partially centralized and decentralized, but leans a little more toward the latter
Employees
Employees love it because they are given sufficient trust and structure
Managers
Managers love it because they can still guide and discipline employees while having faith in them to do it for themselves
Examples
Having strict guidelines for travel expenses and an informal dress code
Pros and Cons
PROS: workers are given trust to do their task, the managers still give structure and guidance
CONS: possibly not strict or lenient enough to keep keep complete order or trust