MPA 505

CHAPTER 6

MANAGEMENT IN THE FUTURE

PRESENTOR : JOSE CHRISTIAN HEMBRA

ARTICLES BY: CECILE PATRON

JEAN ENCARNACION AYING

ERWIN PATALINGJUG

EUGENE GADOR

SYNTHESIS

INTRODUCTION / SUMMARY 

Management styles have evolve nowadays responsive to the needs of the present situation. Most likely, it is very much atone to the international business climate. In the future, it is said that the management will offer realistic and professional way to deal with any situation. Management styles will help systematically analyse the future of society, the economy, technology, politics and the biosphere, to identify future markets within it, develop future strategies and build-up future competence

SCHEMA : FLOW OF DISCUSSIONS

DEFINITION   COMPOSITION

DIFFERENT TYPE OF EMPLOYEES

ETHICS OF BUSINESS

ENVIRONMENT OF INTERNATIONAL MANAGEMENT

STRATEGIC MANAGEMENT

STRONG AND WEAK POINTSCONCLUSIONFOCUS QUESTIONS

DEFINITION

Management in the future is the bridge between strategic management on one side and future research on the other side. It describes the totality of all systems, processes, methods and tools for the early recognition and analysis of future developments and their inclusion in strategies.

COMPOSITION

DIFFERENT TYPES OF EMPLOYEES Workers will be more adaptive to future situations. Female workers will hold position commensurate to male workers but they will be more concentrated in “womens jobs”. Oftentimes, due to the availability of technically and professionally oriented workers, workers will change jobs in every 4-5 years. More educated workers will be replacing the less ones and ultimately will be leaving the work force

IMPROVED CAREER DEVELOPMENT OPPORTUNITIES

– design career programs for personnel development

COMPENSATION

properly compensated managers tend to perform more

NEW LEADERSHIP AND MANAGEMENT STYLES

design new leadership and management styles responsive to the future

SOCIAL RESPONSIBILITY, ETHICS AND VALUES

Three factors that a good manager will be judged:

 - response to social responsibility- ethical behaviour- values

POLITICAL PROBLEMS

Managers should be more politically involved. Its political skills will be very essentials for effective management.

THE ETHICS OF BUSINESS

Oftentimes, businesses are focused more on the income generation. It fails to consider the logic of giving. But profit curtails them to do so.

MODELS OF SOCIAL RESPONSIBILITYThere are two types of social responsibilities, thru :

 

Traditional corporation - the stockholders think only of maximum profits

Metrocorporation - it believes that it is not only for profit but also it is a major

social institution and as such it has an obligation to society through social projects

3 OVER-RIDING STRATEGIC GOALS

• efficiency of operations

• management of risk

• adaptation through learning and innovation

ENVIRONMENT OF INTERNATIONAL MANAGEMENT

The economic, legal/political and socio-cultural domains are the three environments in the international management.

INTERNATIONAL ECONOMIC DOMAIN

concerns with the country’s financial exchange rates

Five income growth stages

1.Starts with Traditional

2.Starts with Industrialization

3.Countries have adequate financial resources to sustain continued growth without dependence to outside funding

4. Industrialized society

5. Countries that reach the mass consumption stage when the service sector contributes heavily to the national output

LEGAL/POLITICAL DOMAIN

knowledgeable to local and international laws

SOCIO-CULTURAL DOMAIN

regards with culture and tradition

STRATEGIC MANAGEMENT Is a set of managerial decisions and actions that determines the long-run performance of a corporation. It aims at keeping an organization appropriately matched to its environment thus it needs to perform environmental analysis, establish organizational direction, formulate and implement organizational strategy and excercise control over the organization

BENEFITS OF STRATEGIC MANAGEMENT Increase level of profits Increase commitment of organizations

members in the attainment of long-term organizational goals

Minimize the organizations negative reactions to movement within the market place or by competitive reactions that would put the organization at a sudden disadvantage

DESCRIPTIVE MODEL OF STRATEGIC MANAGEMENT

1. environment scanning

2. strategy formulation

3. strategy implementation

4. evaluation and control

STRONG AND WEAK POINTSSTRONG POINTS :

1. Management in the future will be a very favourable to highly educated populace

2. Management in the future will be based on the capability of its managers to cope-up with the rise of quality managers both locally and internationally

Weak Points :

1. The less educated will be disenfranchised

2. Management in the future will tend to destroy small enterprises who cannot avail the services of competitive managerial skills

CONCLUSION

Management if the Future will come and nobody can stop it. I conclude that it might destroy the small financial organizations which cannot cope up with the abrupt rise of economic burst due to the emergence of sophisticated managers but in general, it would benefit the nation. For managers of high caliber will be the ones dominating the country’s economy not sacrificing our environment for a more viable and responsive economy managed by the Managers in the Future.

FOCUS QUESTIONS

1. Can the Philippines cope-up with the strategies of future managers? How?

2. Do you think that Management in the Future will be able to address our present economic situation? Explain your answer.

THANK YOU VERY MUCH!!