Management vs Self-Regulation in Russian IT Companies in Search of an Effective Way to Run a Business While Promoting Happiness in the Modern World: Empirical Study Results

Abstract

Most of the IT companies all around the world are increasingly turning to the project management structure, in particular, the SCRUM and Agile models, however, there are also those who are keen on a strict hierarchical model and prefer to strengthen the vertical of power, and in some cases tighten control through bureaucratization processes. Business efficiency depends on the specifics of the implementation of each specific model and many additional factors. The empirical part of our research is dedicated to identifying the direct correlation between various aspects of the management structure functioning and thorough assessments of employees' satisfaction and business success. We think that our work will be useful for any professionals of IT industry: project managers, as well as owners of new companies and developers of start-ups and also managers of more mature businesses which are facing crises of effectiveness or problems with employees satisfaction.