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In todays cheekal ethnical context, the role of employees and the supervisory cornerstone has attained even greater credence than the years when theories such(prenominal) as the Scientific Management theory and the new(prenominal) theories were true. These theories equal more or less to the managerial efficiency and the employee union in the organization in outrank to attain the organizational objectives. While its truly amazing that such theories are legal in the bewilder context when the volatility is the norm of the day. in the beginning developed in the West, these theories are fully applicable in new(prenominal)(a) regions of the world. The difference of course lies in the managerial styles in distinct countries of the world. Why is say that the theories are applicable with the expulsion of the cultural differences is that these theories, that are the management theories were developed on the solid reason of human nature and behavioral patterns. While it is ve ry serious to grant that individuals exhibit same behavioral patterns, but it whitethorn be asserted that a generalized statement could be reached that human behavioral pattern show similar characteristics. Thus, in this context we may assume that the managerial theories that were developed in the west are fully applicable in other parts of the world.

Therefore, the result of continued turbulence aftermath of June 1997 Asian financial meltdown is contributory to a renewed quit concern about the management styles, corporate systems and indigenous Asian values (Steven; Cecil and Lanny). What were facing today is an extremely dynamic and vaporizable work climate which most of manager s have experienced flurry on motivating an! d retaining employees challenges in an environment of increased uncertainties. Hence, no organization, profession or community has been unaffected by the degenerative series of employee layoffs, for example, unemployment rate of Korea has been on the increase from 2.6 percent in 1997 to 6.8% in 1998,...If you want to get a full essay, severalize it on our website: OrderEssay.net

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