X, Y and Z theories for Human Resource Management

Good Article Akshay

nice article akshay, nothing to elaborate I support mr. deshpande views. 

Thanks, Akshay.
I really don't know how many organizations are following any theory & stick to it's principles?
But overall Z theory is good to follow which is taken care of employer as well as employees.

Another theory that can be added to the one's that you mentioned and should summarize what is popular in organizations these days, is "Contingency Management". According to this theory,

"There are many management theories proposed, but no one theory can be applicable in all situations, and no theory is wrong either. A good manager is not defined as one who understands these theories, a good manager is defined as one who has the ability to recognize people and situations, and understands when to apply which theory out of the 'n' number of theories out there". 

First, become a master in understanding people and situations. This is what a good manager should be looking to do rather than get into particular theories. Once a manager become good at that, believe me, he/she will not need theories to dictate what is a good/bad management style.

Regards,
Om Deshpande

A very good and inspiring article on human resources.Organizations are now following mixed of X Y and Z.The reasons being they want to retain a good hand and a leader.For any organization to remain fresh and vibrant,deadwood have to be shown their worth.

Good article... thanks Mr.Akshaya 

Thanks for the referral, Akshaya....
Theory Z is a natural extension of the key principles enunciated by Deming. I would also like to add additional perspectives -
1. The Learning Organization - Peter Senge. Here Senge talks about how the learning organization is the one which will survive for the future and how motivation and learning are linked.
2. It is a well known fact that work is achieved by teams in the long run, however heroic the individual effort may be... In this regard, the concept of Team Charter by Jim Mc Carthy is very effective. He talks about the team charter and the motivation behind the team performing well.
3. Quality Guru - Edwards Deming - His theory of profound knowledge and the 14 principles of management are one of the best ways of focusing on team motivation. He has written two excellent books - Out of the Crisis and The New Economics for the Industry, Government and Education. Here he talks of motivation for the individual and how the existing systems have destroyed the intrinsic motivation of the individual. 
4. Emotional Intelligence - Daniel Goleman - Here Goleman talks about how emotional intelligence is important for motivation. 
5. Many other cognition and motivation psychologists have propounded on various theories for motivation. 
Most of the Thinkers focus on similar concepts for achieving motivation. 
The crux here is to focus on the core learnings of the Thinkers and adapt it for the specific organization as the culture in each organization is different and how you convert the theory to practice is paramount to motivating the employees of the specific organization....... 

Akshaya very well written. How many organisations are following these as on date in the true sense of it? I think Z theory once put to practical will help any organisation to show an upward trend.

yes, theory x/y are individual centric catering to his needs/appetite while theory z is wholesome in terms of integrating the individual with the organisation in terms of emotional bonding and job security - contemporariy called employee engagement through appropriate involvement for different categories of performers through participation in management, employee communications, total rewards, etc focusing on ROI based emotional bonding although we have done away with job security which we are no more able to guarantee under competitive globalisation, productivity requirements, recessionary trends, etc and employees too are not able to make long term personal commitments owing to their ambition, fast track needs, global opportunities, competency to be mobile and seeking worklife balance rather than 24x7 bonded work cultures.

hope i am able to make some meaning here,

regards/kshantaram

Good one Akshaya, better to follow Z theory