Application and Applicability of Theory Z in Banks: Evidence from an Emerging Economy
Mohammad Barkat Ullah Chowdhury et al.
What the paper says
This paper aims to examine the application and applicability of theory Z management system in the banking sector of an emerging economy – Bangladesh as a case. A self-administered semi-structured questionnaire has been used to collect the data. Data have been collected by face-to-face interviews as well as e-mail responses. A total of 496 sample respondents have analyzed to interpret the data. The study uses Factor Analysis (FA) Data Reduction Model (DRM) by SPSS to analyze the data. The study finds that there is no uniformity of the management system among the banks in Bangladesh. The management structure and employee management are widely varied across the banks. Moreover, the study finds that Some features of theory Z such as friendly employee management system and trust between management and employees, and bonding between management and employees are already practicing in the banking system of Bangladesh. Although all of the features of theory Z are not fully applied but employees are ready to accept the features of theory Z such as lifetime employment, engagement in decision making, taking self-responsibility and accountability, execution of scientific evaluation and promotion, proper measures of the control mechanism, clear career path, mutual trust, values and freedom. Hence, there is considerable scope to implement theory Z in the management systems of banks of Bangladesh.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.