What is self-management?

Although the word self-management refers to the ability to manage things autonomously, this concept has several applications: from the economía and sociology to cooperation through politics. In fact, in economic terms it has a specific business application. Specifically, business self-management refers to the ability of company workers to actively participate in decisions related to the development and operation of themselves. Self-management within the company allows it to be organized based on the management of its employees.

Characteristics of self-management in companies

The business self-management system has a series of peculiarities that differentiate it from other systems of organization of companies or societies. Among the most notable characteristics of the business self-management system are:

  • The ability to cooperate among workers to achieve the goals
  • The necessary competence to decide on the steps to follow in business
  • The potential to organize and control the company.

But to be able to carry out business self-management it is necessary to apply a series of methods and strategies that prepare people to be able to make decisions about their tasks that allow the achievement of the objectives set. In short, it is a matter of giving employees sufficient autonomy to carry out their work in view of the established business purposes.

Among the tasks that employees of an organization based on business self-management should be able to carry out, we find:

  • Administration
  • Production
  • Self appraisal
  • Autoexigencia

However, business self-management not only implies obligations on the part of the workers, but also advantages, since they have property and receive benefits. In a company based on self-management, power relations and hierarchies disappear and give way to collaboration and coordination.

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