Postmodern Management: The Emerging Partnership between Employees and Stockholders

Synopsis

Postmodern management, according to Wallace, moves beyond the shortcomings of the bureaucratic management style pervasive in American business today. Bureaucracy, the standard model of organizations, is too inflexible, cost-rigid, and job defensive to survive in a postmodern world. Bureaucracies rely on paying workers fixed prices to do specific jobs. According to a postmodern management model, a partnership between employees and stockholders would lead to more productive work by relating pay to corporate performance and encouraging more flexible and cooperative teamwork. Wallace provides a workable guideline to ease the transition from the bureaucratic form of structure to postmodern partnership. His argument, that dependence on hired labor for permanent staff is at the root of dysfunctional bureaucracy, will provoke discussion and interest among corporate executives, teachers and students of management and organizational behavior, and others interested in today's workplace.

Additional information

Contributors:
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 1998