Final answer:
Theory Y Management assumes that workers are (B) basically interested in work and motivated by inner satisfaction and self-development rather than being inherently lazy or needing strict control. It promotes a collaborative work environment where employees are given responsibility and a voice in setting work goals.
Step-by-step explanation:
Theory Y Management is based on a set of assumptions about workers and their relationship with work that are very different from those of Theory X. According to Theory Y, managers assume that workers are basically interested in work. It posits that employees find work to be a natural and integral part of life and are motivated by their own desire for fulfillment and self-development.
Contrary to the assumptions of Theory X, which views workers as inherently lazy and needing strict control and direction, Theory Y sees workers as capable of self-direction and creativity. Theory Y managers believe that workers do not shy away from responsibility but are motivated when given opportunities to assume responsibility. They perceive that employees are happiest and most productive when they have a say in their work goals and are involved in the decision-making process.
An example of a Theory Y approach is seen in work environments that encourage team participation, allow for autonomy, and seek input from employees on how best to accomplish goals and improve processes. This management style is characterized by a collaborative approach where rewards and recognition are used to motivate employees rather than punishment and coercion.