Alekperov combined two managerial techniques, blending a capitalist-style attention to production margins with a socialist-style attention to workers.
Theory x and y
Management theories remain relatively consistent through the test of time. The social behaviors of people do not change too drastically despite years passing by. However, with the emergence of generation y into the working field and with social media booming it has become necessary to revamp some of the management styles within modern day organizations. Nothing too drastic, but since new roles are being developed, new management styles are needed to oversee these new roles (such as social media etc.)
Theories of motivation in management include Maslow's Hierarchy of Needs, which posits that individuals are motivated by a series of hierarchical needs ranging from physiological to self-actualization. Herzberg's Two-Factor Theory distinguishes between hygiene factors that can cause dissatisfaction and motivators that enhance job satisfaction. McGregor's Theory X and Theory Y presents two contrasting views of employee motivation, with Theory X assuming that employees are inherently lazy and need close supervision, while Theory Y suggests that employees are self-motivated and thrive on responsibility. Lastly, the Expectancy Theory emphasizes the role of individual expectations in motivation, suggesting that people are motivated to act based on the expected outcomes of their efforts.
x= people are lazy and must be motivated and closely supervised Y= people want to do a good job, try to avoid doing things thad kill that motivation. A theory X manager with theory Y subordinates will soon beat the motivation out of them, thus proving to himself that he was right all along. A theory Y manager will eventually figure out that a theory X subordinate thinks all people are lazy because that subordinate is lazy himself. Thus, teams are best structured with all X of all Y types. The Y teams will consistently outperform the X teams.
x assumes employees are unmotivated etc and have to be handled with severity like prison inmates Y assumes employees want to be productive, helpful and creative and can be managed to maximize these efforts. A theory X manager will soon beat the motivation out of a theory Y worker, thus proving to himself that X was right all along. A theory Y manager will eventually figure out that a theory X worker believes people are unmotivated because the worker himself is unmotivated. Thus, it is better for work teams to be all X or all Y. Given that, the Y teams will out produce the X teams.
Azerbaijani-Russian
http://www.lukoil.com
Married; children: one
Kaspmorneft, 1972-1974, drill operator
Azerbaijan Oil and Gas Institute, PhD, 1974.
Founder and chief executive officer, Lukoil
OAO Lukoil, 11 Sretenski Boulevard, 101000 Moscow, Russia
Order of People's Friendship, Order of Honor, medal for developing the oil and gas complex in western Siberia, Order of Glory, Global Corporate Leadership Award.
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yes, it is
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