Transition from Command-Based Management to Market- Based Management – A potential plus for the African Union (Review)

Abstract

The world we live in has constantly been subjected to strong forces of change which mount great pressure on its dynamic animators that require them to respond in proportionate measures to such changes in order to ensure a sustainable system. In light of the determination to remain active players, participators and business drivers have in recent time come up with ways by which every endeavor should be approached in a business-like manner, through the application of necessary key value propositions (Pasmore, 2009) with a view to attaining success. The system, therefore, permits no room for distinction between profit-oriented and nonprofit- oriented businesses in the maze of difficulties and uncertainties to attain success. In that regard, irrespective of the denominator of the business, accountability in time and cost amongst others should be underlined. The article identified with the Market Based Management approach (Koch, 2011), in the course of managing a concern, and reflected...