what is oligarchic management of business
Dear Student,
Oligarchic management refers to management in hands of few. In this type of management the decision making power lies in hands of few people only. By keeping power in hands of few, it hinders the development of professional management.
In this type of management the decision making authorities can misuse their power for their own benefit, they can even take decisions that affect the interest of other stakeholders of the company/firm.
Regards
Oligarchic management refers to management in hands of few. In this type of management the decision making power lies in hands of few people only. By keeping power in hands of few, it hinders the development of professional management.
In this type of management the decision making authorities can misuse their power for their own benefit, they can even take decisions that affect the interest of other stakeholders of the company/firm.
Regards