Impact of New Wave Theory upon Managerialism
According to Pollitt (1993) managerialism is defined as a set of beliefs and practices, at the central aspect of which burns the seldom-tested assumption that better management will be establish as an efficient solvent for a wide range of economic and social ills. On the other hand, according to Quigguin (2003) managerialism is the belief that organizations have more similarities than differences; therefore, the performance of all organization can be improved by applying generic management skills and theory. For the practitioner of managerilism, there is a small difference in the required skills in order to run a college, an advertising agency or even an oil rig. On the other hand, the experience and skills that are relevant and applicable to the core business of the organization are considered as secondary factors (Quiggin, 2003).
As a result, managerialism is an ideology that is being applied in both social and political issues even though it is a business management principle. It tends to focus on the effectiveness, financial management as well as decentralized governance, arguing that the equity and satisfaction of social needs can be achieved when these aspects are prioritized. Managerialism focuses on two vital factors: first is the principle of professionalism, technocratic rationality, efficiency as well as impartiality that are assumed to be aspects of the public sector management practice; and second is the idea about the perspective of the choice of the public and privatization (NQF, n.d.).
References
NQF. What is managerialism? Retrieved 12 November 2010, from NQF website.
Pollitt, C. (1993). Managerialism and the public services. 2nd edn. Oxford: Blackwell Publishers.
Quiggin, J. (2003, July 02). Word for Wednesday: managerial (definition). Retrieved 12 November 2010, from JohnQuiggin website.
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