Compare and contrast Theory X with Theory Y

What will be an ideal response?

Answer: In the 1960s, psychologist Douglas McGregor proposed two radically different sets of assumptions that underlie most management thinking, which he classified as Theory X and Theory Y. According to McGregor, Theory X-oriented managers believe that employees dislike work and can be motivated only by the fear of losing their jobs or by extrinsic rewards–those given by other people, such as money and promotions. In contrast, Theory Y-oriented managers believe that employees like to work and can be motivated by working for goals that promote creativity or for causes they believe in. Consequently, Theory Y-oriented managers seek to motivate employees through intrinsic rewards–which employees essentially give to themselves.