The evolution of managerial thought [20] The flexible viewpoint of management emerged as a result of rapid change due to globalisation and developments in information technology and communication. A new approach to management and a new kind of organisation are now required. In an organisation based on values and principles, leaders have to build an organisational culture in which they establish an organisational identity by having a clear vision and mission that are based on principles and values. In table format, list what is expected of management in the flexible viewpoint and what is expected of management in a principle- and value-led organisation.