emerging management issues and challenges

Introduction to Management

Presentation on

Emerging Management Issues

& Challenges

By: Vishal Koirala

Changing Organizational Perspective

Globalization of Business

Quality assurance and productivity

Ethics and social responsibility

Corporate governance

Innovation and change

Types of Issues and Challenges

Workforce diversity

Empowerment

Technology

Relationship Management

Workplace Spirituality

Knowledge Management

Changing Organizational Perspective

The perspective and thinking about the organization is changed a lot. At past organization was focused on inflexible, manager should be stable, job-focused. There were permanent jobs. Staffs work as per the command of the manager or higher level but now days manger should be skilled. He should work on team or command a team. There are lots of temporary jobs . If u don’t finish your job at a time your job gone.

Globalization The world economy is becoming increasing global in character.

Today more than one fourth of all goods produced worldwide cross the national boundaries. So it is one of the main emerging challenges.

Manager will be involved in the management of global organization. They will need to think globally and act locally.

Quality Assurance and Productivity

There must be continuous improvement in quality.

Quality improvement has no boundary. It is the race without final line.

Now-days the qualities of the goods and services has become quality of their goods and services

Ethics, Social Responsibility & Corporate

An organization should be responsible towards shareholders, employees, customers, society and nation. Now-days social responsibilities has become compulsory not a subject of discussion. How to fulfill social responsibility is also a challenge for management. The concept of corporate social responsibility has developed. Social responsibility means obligation of business organizations towards society community, people, share holders, etc. To provide quality product at affordable price, to develop more and more employment opportunities, to carry out different development activities in society, to control pollution are some social responsibilities of business organizations.

Innovation and Change

Management must pay attention on innovation and change. Otherwise, they would go out of business. Rapid innovations are taking place in technology, product and service. Product lifecycle is getting shorter and shorter. Product needs continuous improvement if the life span is to be made long. New ideas, new techniques, new methods are being innovated; there must be new inventions of ideas, new invention of product. Old and outdated product cannot satisfy customers

Workforce Diversity

Organizations are becoming heterogeneous in terms of ethnicity, gender, nationality, age group, etc. People having different religions, different nationality works together under one roof. Different people have different nature and they show different behavior because they come from different background. How to manage such diversified workforce is a great challenge for managers. If such diversified workforce is managed properly, organization will be highly benefited because they also bring diversified skill and knowledge.

Empowerment

The manager should provide the works full control over their works by promoting self managed teams on encouraging maximum

participation, more information is provided to employees to make them aware of problems

of their organization.

Technology

How to utilize advanced and sophisticated technology has become another challenge for management. Tremendous advancement has been made in production, distribution and information technology. Introduction of internet, email and other electronic media, have benefitted organizations in the field of productions, distribution and other areas of business. Organization must train their employees about new technology. Only with new technology, Organization can compete with other competitors.

Relationship Management

Figurehead- ethical guidelines and the principles of behavior employees are to follow in their dealings with customers and suppliers

Leader- give direct commands and orders to subordinates and make decisions

Liaison-coordinate between different departments and establish alliances between different organizations

Workplace Spirituality

Entrepreneur- commit

organization resources to

develop innovative goods

and services

Disturbance handler- to take corrective action

to deal with unexpected

problems facing the organization

from the external as well as internal

environment

Resource allocator- allocate existing resources among different

functions and departments

Negotiator- work with suppliers,

distributors and labor unions

Knowledge Management

Knowledge management is the systematic management of an organization's knowledge assets for the purpose of creating value and meeting tactical & strategic requirements; it consists of the initiatives, processes, strategies, and systems that sustain and enhance the storage, assessment, sharing, refinement, and creation of knowledge.

Thanks to Mr. Ashok Basnet for giving me chance to present my ideas on

Emerging Management Issues and Challenges

Acknowledgement

Thank you !

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