Some Myths in Management

The myths of a business organisation, like those of a community, have their foundation in partial reality at a given period of time but they scarcely ever represent the total reality. They satisfy a variety of social and psychological needs of the system and of its managers. They help provide rationality to behaviour in the organisation and justification for managerial inactivity or failure; they minimise anxiety by transferring managerial failures to external events or to the powers that guide their destiny.