Modern management beyond traditional managerial practices
Traditional top bottom management in modern post industrial organizations has become cumbersome and costly. Moreover, the hierarchy of managers imposes a heavy burden on business companies seeking to get rid of X inefficiency and overspending. There are new approaches to management that include self management and delegation of decision making and constitute the keystones of so called "modern management" The goal of our paper is to show how management has evolved in the ever changing business environment and allowed for the employees to become a part of the corporate governance and management of the firm.