emerging management issues and challenges
DESCRIPTION
This Slide is a part of Principle of Management where I have presented some of my ideas, views on about the Emerging Issues and Challenges on Management of the Organizations fell by Managers.TRANSCRIPT
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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