Existential Approaches as Management Strategy

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Increasing evidence is indicating the effectiveness of employing and utilizing people as a means of attaining a competitive advantage. Nonetheless, many contemporary organizations still employ conventional styles to strategy. However, there is criticisms against such approaches including the fact that they ignore human factors. For this reason, such approaches may be principally insufficient to attain a people-based competitive advantage to the organization

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Running head: EXISTENTIAL APPROACHES AS MANAGEMENT STRATEGYExistential Approaches as Management StrategyNameInstitution1EXISTENTIAL APPROACHES AS MANAGEMENT STRATEGY2Increasing evidence is indicating the effectiveness of employing and utilizing peopleas a means of attaining a competitive advantage. Nonetheless, many contemporaryorganizations still employ conventional styles to strategy. However, there is criticisms againstsuch approaches including the fact that they ignore human factors. For this reason, suchapproaches may be principally insufficient to attain a people-based competitive advantage tothe organization. Consequently, a substitute approach based on existential/humanisticmovement in psychology is being employed in organizations. By focusing on processes,effectiveness, and leadership this strategy can be employed to attain a people-basedcompetitive advantage (David, 2007). The strategy is based on the fact that people are themost valuable asset for an organization.According to McGregor Theory X and Y, there are two types of people. Theory Xsuggests that an average person dislikes the responsibility and works as little as possible.Thus, management
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