Adaptation and Context
Research Handbooks in Business and Management series
Edited by Anders Örtenblad
Chapter 3: Turning a management innovation into a management panacea: management ideas, concepts, fashions, practices and theoretical concepts
In Greek mythology, Panacea was a goddess of universal remedy. Panacea was said to have an elixir with which she was able to heal. Often management concepts have been viewed as panaceas for organizations because they offer a universal scope of application. However, the question concerning what constitutes a management concept and what distinguishes it from a management idea, innovation, practice, theory or fashion, and what turns these terms into a management panacea is not clear. Thus, the aim of this chapter is a systematic consideration on what constitutes a management concept, and what distinguish a concept from a management idea, innovation, fashion, practice and a theoretical concept and what turns these terms into a management panacea.
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