Participative corporate management
In participatively managed companies, the management includes all employees into the decision-making processes, asking for their opinion on both substantial as well as personal issues. Employees vote on decisions and select their representatives – possibly from their own ranks – on a regular basis.
- A proper balance between relevant, general, participatively implemented decisions and small-scale, independently made decisions.
- Embodied rules, rituals, and values.
- Trainings can be conductive to the development of necessary competences.
- Technical systems can speed up decision-making and voting processes while guaranteeing anonymity.
- Handling losing an election and the associated personal consequences.
- The bottom-up decision-making processes are generally a bit slower.
- Employees’ willingness to participate is crucial to its overall success.