An Essay On The Force Of Globalization, Modern Management Concepts And 21st Century Manager Mba Essay

1704 words - 7 pages

An Essay
On
The Force of Globalization, Modern Management Concepts and 21st Century Manager
Submitted by: Submitted to:
Manish Man Shrestha Mr. Sohan Babu Khatri
MBA Spring 2017
Ace Institute of Management
2017-08-26
The Force of Globalization, Modern Management Concepts and 21st Century Manager
Globalization is not a new phenomenon because it existed long time ago when countries traded with each other centuries ago. And if it is not new, then, let’s think for a moment what is new or special about globalization that we didn’t have before? Is it openness to the world? The answer is that this openness didn’t just begin recently. Is it the integration whether economic, cultural, or political? Perhaps, however, the integration isn’t achieved yet and what is really happening could be a transitional phase. Then what is the main difference that wasn’t existed centuries ago. The answer is the evolution or revolution of technology, reduction in cross trade barriers, and increase in consumer demand and high competition. (Nitisha, 2016) (businessessays.net, 2017). These are the real divers or forces of what we call it now ‘globalization’. These forces maximized the openness and integration between different societies and countries around the globe. These forces have caused traditional management concept to become ineffective to cope up with the challenges brought up by globalization, so modern management concepts are emerging along with improved roles and responsibilities of 21st century managers.
Talking about forces of globalization, one of the major forces is technological advancement that began in the 18th century and has continued ever since to the 21st century, in-between three industrial revolutions have taken place. The 1st and 2nd industrialization revolutions were in manufacturing and services industries respectively and the 3rd industrialization revolution of the 21st century which we are going through is now as information age as described by Adam Smith. The trends of technological changes that have taken place since the industrialization revolution has brought about innovation and interaction between nations that weren't possible before. That has led to some of the greatest invention that revolutionized trade, communication and interaction to a whole new level and increased globalization. According to Cable (1995) Transportation costs are falling with improved physical communication with the help of improved technological advances in telecommunication, computing, fiber optics and satellites, which has resulted in the speeding up of information flow and the transportation of goods across nations more quickly and efficiently. Technology like the Internet has given rise to E-commerce; E-commerce that refers to business conducted through means of electronic communication networks like Internet. Dell, for example, takes advantage of these innovations to control its globally dispersed production system. When a customer submits an order via the...

Find Another Essay On An Essay On The Force of Globalization, Modern Management Concepts and 21st Century Manager - MBA - essay

Management Challenges for the 21st Century - UAH MGMT346 - Essay

2269 words - 10 pages Peter F. Drucker, in his new book, Management Challenges for the 21st Century, provides a different perception and ideals for organizations and individuals that strives for success. He analyzes the challenges that will be a major concern towards society and business and describes how changing an organization’s structure or improving an individual knowledge worker may help deal with them. He also had the idea that there is only one correct

Challenges of Management in the 21st Century

876 words - 4 pages Challenges of management in the 21st century In the 21st century they consist of various barriers that prevent managers and leaders from achieving their goals and improving their organizations work. Managers constantly try tackle this issues that drive towards lowering productivity. Challenges of management include : • Technology • Ethics • Globalization • Competition • Diversity • PESTEL Technology. Keeping up with technology is

The Management of 21st Century: Hong Kong

838 words - 3 pages and the employee. Besides the external environment, the internal environment includes workforce, work/task demand and incentive system. About the workforce in Hong Kong, there are many different racial people who work in the same company. Although they work in the same company, the company may have different management for them. It is because their culture are so many different. Also, some of the companies have been globalization. The

How did Malala Yousafzai impact on girl’s education around the world in the 21st century? - essay

1279 words - 6 pages Stage 2 Society and Culture Assessment type 1: Folio (Cultural Diversity) Essay: Influence upon legal and political systems Introduction As a young teenager, Malala Yousafzai (Image 1) resisted the Taliban in Pakistan and requested that young girls be permitted to get an education. While she fought for girl’s education the Taliban, who was in control of her village, did not want girls to be educated. She was shot in the head by a Taliban

AN ESSAY ON SOCIOLOGICAL CONCEPTS In Relation to the Book "Code of the Streets"

1114 words - 4 pages , if one sees his environment as dangerous, one will tend to be more vigilant and aggressive.In Elijah Anderson's essay on urban anthropology, he said that, "The inclination to violence springs from the circumstances of life among the ghetto poor--the lack of jobs that pay a living wage, the stigma of race, the fallout from rampant drug use and drug trafficking, and the resulting alienation and lack of hope for the future." This, coming from a

Management for the 21st century

3581 words - 14 pages market has changed as well (globalization, decentralization, deregulation), the culture has changed (feminization; psychological contract). The manager has to internalize all these variables to be able to produce a greater managerial work, adapted to his/her audience. The achievement of the objectives depends, to a great extent, on the way the management is applied.However, we have to emphasize that "management and managing involves all individuals

Plan and Management of Mark and Spencer in View of Retail Industry in the 21st Century

3414 words - 14 pages ://www.ivoryresearch.com/samples/economics-essay-example-strategic-management-of-tesco-supermarket-pestle-analysis-porter-5-forces-analysis-critical-success-factors-swot-analysis-value-chain-analysis-tesco-strategic-options-core-comp/) Krafft, M., & Mantrala, M. K. (2006). Retailing in the 21st Century: Current and Future Trends, 2nd Edition. Springer, New York. Mark and Spencer (M&S). (2013). Corporate and Trading Website. (http

Oriental-ism in the 21st Century - Communications - Short Essay

750 words - 3 pages Twenty-first Century Orientalism Orientalism is a term used widely by academics within the literary and culture studies. It characterizes the depiction and imitation of Middle Eastern and South East Asian countries. The term originally was used to describe someone with a passionate interest in anything involving the orient. Edward Said redefined this term of ‘orientalism’ in his book of the same name. Since then the expression describes the

An Essay Summarizing and Supporting the Concepts of Darwin's Theory of Evolution

997 words - 4 pages genetically based rather than an organism that reproduces by budding or a similar method, humans are for the most part genetically based. Therefore, it would be impossible for one to deny that some type of evolution has not occurred. Evolution is not merely a theory. It is a fact.Often, when evolution is discussed, people are confused at exactly what the specifics of the subject matter are. How long evolution has been going on, under what conditions, and

Are Scientific Management and Human Relationship approaches still applicable to organisations of the 21st century?

740 words - 3 pages functional planning, organizational and business development, and subordinates do specific executive functions. Make an organizational chart and functions according to online organize production according to the continuous line. Many people believe that in the period of industrialization human factor in manufacturing was gradually replaced by modern machines. At the same time many people said that when management wants to increase labor

Music Essay, music of the period 1900-1945, and it's concepts. Submit an essay discussing the comparisons of the concepts of music between two works

2805 words - 11 pages The two works I choose are Igor Stravinsky's "The Rite of Spring", and Rachmaninoff's "Prelude Op. 3 No. 2." INTRODUCTION The high value placed on individuality and personal expression in the romantic era grew even more pronounced in the 20th century. This was partly the result of several features of 20th-century life. More and more people from different social and geographic backgrounds were able to study music and develop their aptitude for

Similar Essays

Command And Control Style Of Leadership Is Outdated In The 21st Century Anglia Ruskin University Mba Essay

3719 words - 15 pages : Chartered Institute for Personnel and Development. · The Economist (2015) Schumpeter Digital Taylorism[online] The Economist. Available at< http://www.economist.com/news/business/21664190-modern-version-scientific-management-threatens-dehumanise-workplace-digital> [Accessed 1 June,2017] · Thompson Heames, J. and Harvey, M., (2006) The evolution of the concept of the'executive'from the 20th century manager to the 21st century global leader. Journal

Modern Slavery In The 21st Century

697 words - 3 pages developing countries displaced with no job security and no support network to fall back on. Third, corruption in government around the world has allowed slavery to go unpunished; in many cases victims of human trafficking are treated as criminals instead of being advocated for. This confluence of disturbing trends has resulted in more people being enslaved today than at any other time in human history (Free The Slaves 2013). The rise of modern slavery

Eminem: Rap's Bad Boy? Who Is A Modern Day Role Model For The Youth Of The 21st Century?

631 words - 3 pages magazine, The Source as rap music's "great white hope." Driven by the success of his hit single, "My Name Is," his album shot to the No. 2 spot on the Billboard chart in a few weeks. This album eventually went triple platinum and earned Marshall two Grammy Awards. Eminem proved he was not a one hit wonder when he released his second major release, The Marshall Mathers LP. This new release sold 2 million copies in only it's first week out. As an

Prepare An Essay On The Topic Of The Impact Of Management In The Globalization Of Business

768 words - 4 pages IMPACT OF MANAGEMENT IN THE GLOBALIZATION OF BUSINESS. Prepare an essay on the topic of the impact of management in the globalization of business. The world that we are living in is becoming smaller and smaller from day to day while it is the same in size. The access to vast volume of information that are available to us, the world communication, and transport make the world a very small village. Businesses are not producing for a particular