European management is defined as "cross-cultural, societal management based on an interdisciplinary approach"[1] and has three characteristics:[2]

  1. A European management approach needs to take into account the various cultures across Europe and how they impact business practice, to pinpoint cultural commonalities and particularities in different organizational environments and management habits.
  2. Management principles across Europe have underpinnings which are strongly societal in nature.[3]
  3. European managers are required to be highly adaptable due to several different legal, social, political, and economic contexts across Europe. Such adaptability is coupled with the ability to adopt an interdisciplinary approach.[4]

Often European management is contrasted to the American or Japanese management culture. While Americans pursue risk more easily, Europeans rather pursue stability leading to less opportunities with fewer financial rewards.[5] The European approach often is considered to be more balanced between economic efficiency and social concerns.[6]

Further reading

References

  1. ^ Kaplan, Andreas (2014). "European management and European business schools: Insights from the history of business schools". European Management Journal. 32 (4): 529–534. doi:10.1016/j.emj.2014.03.006.
  2. ^ Kaplan, Andreas (2014). "European management and European business schools: Insights from the history of business schools". European Management Journal. 32 (4): 529–534. doi:10.1016/j.emj.2014.03.006.
  3. ^ Kaplan, Andreas (2018). "Kaplan Andreas M. (2018) A school is "a building that has four walls…with tomorrow inside": Toward the reinvention of the business school, Business Horizons". Business Horizons. 61 (4): 599–608. doi:10.1016/j.bushor.2018.03.010.
  4. ^ Roland Calori, Philippe de Woot (1994) A European management model: Beyond diversity, Prentice Hall, New York.
  5. ^ "James Heskett (2002) Are We Entering an Era of European Management Leadership?". 2002-06-03.
  6. ^ "Markus Pudelko, Anne-Will Harzing (2007) How European is Management in Europe? An Analysis of Past, Present and Future Management Practices in Europe, European Journal of International Management" (PDF).
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