the cairn energy and the energy crisis

There are many theories of management of which four are most popular: Internal process model, Rational Goal Model, Human relations model, and Open systems model. These theories help in practically solving the problem; hence the example of Cairn Energy has been cited in order to explain the management processes adopted by Cairn to solve its problems. It has been seen that human relations model and open systems model have been dominant in the strategies of Cairn Energy where they have focused towards innovation, team work, creating a value based culture etc. The entire study has been conducted in order to find out the management theories applied to the organization and also the theories which should be followed in future in order to excel in its performance.