MANAGEMENT FAD Meaning and
Definition
-
Management fad refers to a temporary, popular, and often short-lived trend or concept within the field of management that receives significant attention, adoption, and discussion by organizations. A management fad is characterized by its sudden rise in popularity, followed by an eventual decline or loss of interest when a new trend takes its place. It is typically driven by the desire for organizations to improve their effectiveness, efficiency, or profitability.
A management fad often promises revolutionary solutions or approaches that claim to resolve various organizational issues, boost productivity, or increase employee satisfaction. However, these fads may lack substantial empirical evidence or research to support their claims. They often rely on anecdotal experiences, testimonials, or charismatic leaders promoting the concept.
The adoption of management fads can occur due to several factors, including fear of missing out on a competitive advantage, pressure to conform with industry peers, or the hope for a quick fix to complex organizational problems. Examples of management fads include Total Quality Management (TQM), Six Sigma, Management by Objectives (MBO), Matrix Organizations, and Team Building.
Critics argue that management fads can divert resources and attention away from more proven and sustainable management practices, leading to wasted time, effort, and money. However, proponents believe that management fads can spark innovation, encourage experimentation, and lead to positive changes if implemented judiciously.
In summary, a management fad is a passing trend or concept in the field of management that gains popularity but may lack long-term effectiveness or substantial evidence to support its claims.
Etymology of MANAGEMENT FAD
The etymology of the word "management fad" can be broken down as follows:
1. Management: The word "management" comes from the Latin word "manus" meaning "hand" and "agere" meaning "to lead" or "to conduct". It refers to the act or process of coordinating and directing the activities of a business or organization to achieve its objectives.
2. Fad: The word "fad" is derived from the Middle English word "fada", meaning "rage" or "craze". It later evolved into the Old Norse word "fad", which means "hobby" or "pastime". In modern usage, it refers to a trend or fashion that becomes popular for a short period and then fades away.
