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:
- Self appraisal
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.