Theory Y is a management concept developed by Douglas McGregor in the 1960s. It suggests that employees are inherently motivated, enjoy their work, and seek responsibility. This theory posits that when given the right environment, individuals will naturally strive to achieve organizational goals. Under Theory Y, managers are encouraged to create a supportive atmosphere that fosters collaboration and creativity. By trusting employees and involving them in decision-making, organizations can enhance job satisfaction and productivity. This approach contrasts with Theory X, which assumes that workers are primarily motivated by external factors and require close supervision.