Managers and executives in Europe Organizational role and contractual frame
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Managers and executives in Europe Organizational role and contractual frame Giovanni Costa University of Padova Conférence CEC 2010 Verona CEC 2010 Conference in Verona Contracts collectifs et individuels pour les managers Collective and individual contracts for Managers
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Conférence CEC 2010 Verona CEC 2010 Conference in Verona Contracts collectifs et individuels pour les managers Collective and individual contracts for Managers. Managers and executives in Europe Organizational role and contractual frame. Giovanni Costa University of Padova. - PowerPoint PPT Presentation
Transcript of Managers and executives in Europe Organizational role and contractual frame
Managers and executives in Europe Organizational role and
contractual frame
Giovanni CostaUniversity of Padova
Conférence CEC 2010 Verona CEC 2010 Conference in Verona
Contracts collectifs et individuels pour les managersCollective and individual contracts for Managers
CEC 2010 – G.COSTA
Aim of the presentation
Defining the framework in which inserting contractual problems between managers and companies to be faced in next colleagues presentations
CEC 2010 – G.COSTA
Entrepreneurs and manager in the crisis
• Finance: cause or effect of the crisis?• 1929 vs 2008: similarities and differences • Roosevelt, Keynes and the birth of the Welfare State• 1980 Milton Friedman, Ronald Reagan, Margaret Thatcher and the re-descovery of the market• The banks’ loans as substitutes of Welfare State• “The crisis of subprimes”: welcome back Keynes! • From banks’ bond risk to governments’ bond risk• Safety stands in real economy, entrepreneurs and managers!
CEC 2010 – G.COSTA
Managers and corporate governance
• The managerial company vs nobody’s company• Shareholders control vs control of the managers • Property rights
Juridical property Economic property Possession
CEC 2010 – G.COSTA
Entrepreneurs and managers between property and possession
Source of Power Entrepreneur ManagerLegal property Passive Owners ??
Economic property Direct exercise of property rights
exercise of property rights by delegation
Possession Entrepreneur as manager
Manager as entrepreneur
CEC 2010 – G.COSTA
The relationship between the company and the manager
PATERNALISM INTEGRATION
OPPORTUNISTIC BEHAVIOUR FROM BOTH
SIDES
TECHNOCRACY
Personal and Emotional Commitment
+
+
-- Professional
Commitment
CEC 2010 – G.COSTA
Sharing, power and exchange
Relation
Engine Regulation tools
Governance structure
Controlledby…
Sharing Values,knowledge
Psychological contract
Conventions
Loyalty
Power Hierarchy
Law, Collective contract
Institutions, firm
Voice
Exchange
Utility Individual contract
Market Exit
CEC 2010 – G.COSTA
Managers and management models
Type Action level Source of power
Behaviour model
Strategic manager
Meta-organizational
Economic property
Entrepreneurial
Functional manager
Organizational Possession, knowledge
Professional
Middle manager
Operational Possession,Skills, Competencies
Employee
CEC 2010 – G.COSTA
The regulation system
• Culture• International treaties, directives and guidelines of UE, ILO, etc.• Trilateral agreements, law• National, branch and company contract • Individual contract• Psychological contract
CEC 2010 – G.COSTA
Relationship leverage
The cloven viscount*
Businesspartner
The nonexistent
rider*The baron in
the tree*
Individual skills
+
+
-- Relationship quality
* Italo Calvino’s novel
CEC 2010 – G.COSTA
Quality of RelationshipQuality of Relationship
Type of relation Features
LOW NON INVOLVEMENT
LOW TRUST
MEDIUM CONTIGUITY LIMITED TRUST
HIGH PARTNERSHIPHIGH TRUST RESPECTCOMMITMENT
CEC 2010 – G.COSTA
The Three Types of commitmentAFFECTIVE COMMITMENT I PARTICIPATE BECAUSE I
WANT TO
CONTINUANCE COMMITMENT
I PARTICIPATE BECAUSE IT IS USEFUL
NORMATIVE COMMITMENT I PARTICIPATE BECAUSE FEEL RESPONSIBLE AND I MUST
