GROUP MANAGEMENT, EUROPEAN STYLE.

This article presents an abstract for the paper "Group Management, European Style," by F. Newton Parks. Parks starts by noting that despite the expansion of various forms of group management in the U.S., management in the country rarely, if ever, abandons the basic principle of one final authority. By contrast under the system commonly known as collegial management as practiced in Northern Europe, there is collective responsibility of a top management group for the conduct of the affairs of the enterprise. The decision-making process in collegial management varies from company to company but it has certain common characteristics.