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Theory Zthe application to Western ORGANIZATIONS of the Japanese approach to management. Theory Z-type companies typically prioritize generating and sustaining employee commitment by EMPLOYEE PARTICIPATION and CONSULTATION. They also tend to invest heavily in training. See JAPANIZATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson