Final answer:
MBO is a true collaborative process between managers and subordinates for defining organizational goals and it aligns with Theory Y management style. Contemporary organizations often embrace flatter structures and value employee feedback, promoting a collegial relationship to achieve company goals and enhance organizational efficiency.
Step-by-step explanation:
Management by Objectives (MBO) can indeed be seen as a collaborative process where organizational goals, plans, and control systems are defined through the joint efforts of managers and subordinates. This assertion is true. Under the MBO framework, goals are agreed upon so that management and employees understand the objectives they need to achieve and the timelines for these achievements. MBO contrasts strongly with Theory X, which assumes that employees are inherently lazy and need to be strictly controlled and directed. Instead, MBO is more in line with Theory Y, which suggests that employees are self-motivated and thrive on responsibility.
Organizations today are increasingly leaning towards flatter structures where employee feedback is valued, and a collegial relationship between managers and employees is expected. This approach values the input of all members of the organization and relies on a partnership to achieve company goals. The movement towards a more collaborative environment can be essential for an organization's adaptability and continued success.
Understanding the dynamics of contemporary organizational structures is vital for anyone involved in management or aiming to improve organizational efficiency and employee satisfaction.