Management styles vary greatly across organizations, and have a lot to do with the prevailing mindset of the business owners. Demands from clients are generally considered the most important, since this is where the business comes from. Most management styles are oriented to meet the demands of their customers at large. Sometimes, other stakeholders also pitch in with their demands, and management styles are tweaked to meet their specific requirements.
During times of economic prosperity, it was customary to have five-day weeks, sometimes even less. The weekend getaway to some exotic location was mandatory. Work used to pack up by early evening, around five on all weekdays. Answering the phone beyond this was not necessary, unless something was on fire. Calling up anyone on the weekend was certainly taboo, which might be remembered by the other side for decades. If anyone does break these unwritten rules, you had all the right in the world to behave as if your entire existence has been badly insulted and abused, and for which there is no forgiveness on this planet.
Management of most businesses in all regions operated under the belief that the world would continue to shower all the favors for ever, and people had a right to live a certain lifestyle. Even the constitution permitted all this, and people had the right to sue anyone who attempted to curb their rights to relax and have fun, and enjoy all the goodies that this world has to offer. If you happened to be out of work, social security and unemployment benefits were around to keep you going. There was no need to save, and the money earned was meant to be spent. Wasn’t that credit card meant to provide you the power to spend beyond your means? Life was really cool.
And then, one fine day, the impossible happened. Major banks started collapsing.