This document discusses participative management and its key aspects. It defines participative management as a system where employees contribute to management decisions affecting the organization and their jobs. It argues that factors like globalization, flexibility and decentralization have led to its increased importance. It outlines different degrees of participation based on how involved subordinates and bosses are in decision making. The document also discusses techniques, prerequisites, areas of job freedom, and the advantages and disadvantages of participative management approaches. It provides guidance on effectively conducting participatory meetings.