Co-CEO Of Conscious Capitalism In John Mcgregor's Theory Y

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McGregor’s Theory Y plays a significant role in John Mackey’s, Co-CEO of Whole Foods concept of conscious capitalism. According to John Mackey, successful companies must look beyond maximizing profits and shareholder value, they, must also focus on the employees, as well as, the culture. Therefore, companies must hire suitable employees, as well as, train them to be advocates for the business (Kreitner and Kinicki, 2013. Opposite of Theory X, Theory Y focuses more on human motivation and encourages employees to foster self-direction, self-control, and in the appropriate environment, seek responsibility. Not only does this method of managing a business engage the employee, but it also boosts the company profits and promotes communication between