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Business studies> People> McGregor's theory of X and Y

McGregor's theories look at the different ways managers have to manage different types of people. There are two theories: theory X and theory Y.

Theory X
Workers are only motivated by one thing - money!
They are selfish, lazy and hate work.
They need to be closely controlled and directed.

Theory Y
Workers are motivated by many different factors apart from money.
They enjoy their work.
They will happily take on responsibility and make decisions for the business.