Humanistic Management, understood in a very broad sense, regards concern for persons and human aspects in managing organizations.
Humanistic management is an approach to management theory based on the idea of human needs and human values. Humanistic management theory places a great emphasis on interpersonal relationships.
The term indicates the intrinsic value of human beings as humans first and foremost. That Inherent value, humanistic management practitioners label as dignity. Humanistic management aims to create a more balanced relationship between those things that can be exchanged on markets and those that are not but make life worthwhile, i.e. human dignity and well-being.
Humanistic management creates a higher awareness of who we are as human beings, what matters to us, and how we can lead a good life that does not cost the earth. In brief, Humanistic management is a people-oriented mana- gement that seeks profits for human ends.
It contrasts with other types of management that are essentially oriented toward profits, with people seen as mere resources to serve this goal.
Humanistic Management, understood in a very broad sense, regards concern for persons and human aspects in managing organizations.
Humanistic management theories were developed in the 21st century in reaction to earlier theories of scientific management that emphasised productivity and profit above all other concerns.
The term is gaining momentum and an increasing number of scholars and business executives are showing interest in Humanistic management.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
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