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Performing Under Pressure:: Managers Embracing New Realities

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  • Lochmann, Hans-Dieter
  • Steger, Ulrich

Abstract

This article is based on an empirical investigation (including interviews and a survey) into the new working conditions of managers in an age of 'shareholder value'. It identifies the new sources of pressure: new technologies, global markets full of competitors, investor requirements leading to tough financial targets, more demanding customers, and non-stop M&As. Although their views on investors were split, managers felt no aggression towards them. But they all admitted to worsening working conditions: greater overtime and travel, the need to be always available, and more focus on the bottom line. They believed there was some compensation from greater responsibility in team-based structures and incentive salaries. They also recognized that stress can be self-imposed. The interesting question is: how long can such compensatory factors last?

Suggested Citation

  • Lochmann, Hans-Dieter & Steger, Ulrich, 2002. "Performing Under Pressure:: Managers Embracing New Realities," European Management Journal, Elsevier, vol. 20(4), pages 341-355, August.
    • Handle: RePEc:eee:eurman:v:20:y:2002:i:4:p:341-355
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    Cited by:

    1. Vakkayil, Jacob & Torre, Edoardo Della & Giangreco, Antonio, 2017. "“It's not how it looks!” Exploring managerial perspectives on employee wellbeing," European Management Journal, Elsevier, vol. 35(4), pages 548-562.

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