This website uses cookies to ensure you have the best experience. Learn more

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

Keeping up with technology is difficult, tiresome, and firms find it very costly to keep at pace with it. Technology rapidly and constantly keeps on changing. Being at par technologically requires extensive research and strategic analysis of acquiring new innovation. Enforcing new technology requires staff retraining and in some cases making employees redundant.
Managers should take note of the value in inquiry, development, and forecasting future technological innovations in order to keep ahead of their competition.
Managers must understand how to achieve efficiency internally through applying new technology to operational processes. Managing new technology requires a thorough understanding of business technology management.

Ethics is simply doing the right thing. In the business situation ethics are the moral concept of a firm getting through it organizational duties ethically.
Business nowadays encounter with a lot of moral challenges in today’s global economy. Everyone is thriving to be more successful than their competitors, to make their next profits, to keep their job, to earn a big bonus, or to compete effectively. There exists temptation to bend lines, omit information, and do whatever it takes to get ahead of their competition. Many business employees and executives succumb. Sadly, the theme becomes highly infectious and soon people actually start to feel like lying a little, or stealing a little, or deceiving others, is just “a part of business”. These practices erode the trust that needs to exist between employers and employees, between business partners, between executives and shareholders. Without trust, the business will not be able to compete effectively and it will eventually fail.
Managers often have to align the companies ethics with their desire for profitability and it is their responsibility to ensure ethics surpass profitability.


This refers to growth on a world wide scale. Globalization captures the upward interdependence between various countries worldwide, demanding managers and leaders to fittingly integrate this trend within their tactics. Managers need to recognize that some processes can be accomplished globally, while others require to be done in a localized manner so as to follow to each region's sensitivities and customs.They must be watchful of the possible gains in a universal economy, as well as have the information of how to limit and evade the negatives in an international market.


Find Another Essay On Challenges of Management in the 21st Century

Human Resources Management in the 21st Century

7258 words - 29 pages Human Resources Management in the 21st CenturyHuman resource management consists of the attraction, selection, retention, utilization, motivation, rewarding, and disciplining of employees in organizations-in short, the management of people at work. During the last century or so, profound shifts have occurred in the industrial mix of the economy, the nature and extent of competition, and the types of work that employees perform. In particular

The Management of 21st Century: Hong Kong

838 words - 3 pages Hong Kong is the most suitable place for business. It is characterized by its high degree of internationalization, business friendly environment, rule of law, free trade and free flow of information, open and fair competition. Therefore, the business management is a very important part in the business. The management of Hong Kong includes the external environment and the internal environment. The external environment includes the

Management for the 21st century

3581 words - 14 pages different; he/she acts and reacts differently to the same situation. There are a lot of variables which intervene like character, knowledge, past experience, etc.Moreover, the environment of the work very much influences the form and the efficiency of the management which is applied. Indeed, there were a lot of changes in the way of managing people, because the structure of the company has changed (restructuring, re-engineering, downsizing...), the

Uses of space in the 21st Century

1024 words - 4 pages realize that they wouldn't be able to watch TV or use a phone to ring up their mates if it wasn't for geo-stationary communication satellites, which travel around the Earth at the same speed as the planet, so they're always above a certain part of a country, to send phone messages and TV pictures. Satellites also help us preserve the environment in a lot ways, especially land survey satellites that take detailed photos which can be used to detect

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

3414 words - 14 pages :// 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

Women in the 21st century

1079 words - 4 pages In October 2013, the United Nations Educational, Scientific, and Cultural Education, UNESCO, stated that millions of girls are still being denied an education. Why is it that women in the 21st century are still not given their basic human rights? The effects of oppression are seen in two very controversial short stories. In Charlotte Perkins Gilman's "The Yellow Wallpaper," and William Faulkner's "A Rose for Emily", alienation caused from the

Sexism in the 21st century

918 words - 4 pages generations of women have experinced. With that being said, can we say that sexism is a thing of the past? One of the main causes of perpetuating these sexist ideals in the 21st century is media. Women have moved from being the stay at home housewife that obeys everything her husband says to complete dehumanized sex objects. While we have gone a long way in terms of womens rights, media is doing the most damage to women. More specifically within

Heroes in the 21st Century

1280 words - 5 pages editorial, as well as all armed forces, Scott Silverman, Captain Richard Phillips, Marc Buoiniconti, and Jasper Schuringa show that heroes do walk amongst us each and every day in the 21st century. As mentioned in Text 1, Lance Armstrong Syndrome: Do Heroes Exist?, “If we look deeply at ourselves we can find a little hope that heroes can exist, probably in every one of us, but not as a blanket rule or even as a perfectly high glossed figure devoid of

Terrorism in the 21st Century

3458 words - 14 pages On September 11, 2001, the destruction of the World Trade Center and the Pentagon changed the mindset and the opinion of nearly every American on the one of the most vital issues in the 21st century: terrorism (Hoffman 2). Before one can begin to analyze how the United States should combat such a perverse method of political change, one must first begin to understand what terrorism is, where it is derived from, and why there is

education in the 21st century

670 words - 3 pages The twenty first century has brought profound challenges to nature, values and the control of higher education in the United States. Society expectations and public resources for higher education are undergoing fundamental shifts. Changes both within an outside the academy are altering its character- it students, faculty, and governance, curriculum, functions, and very place in society. The import of major external influences on U.S. higher

Parenting in the 21st Century

1981 words - 8 pages to this. This directly translates that teachers will now have enough time to teach efficiently and effectively. The results will be a well developed child who is more than ready to face the challenges brought forth by this century. Volunteerism is a key ingredient into the training of the child. Through volunteerism, the community is given a chance to impact positively the lives of the young children. Many people today are where they are or who

Similar Essays

Challenges Of The 21st Century Essay

926 words - 4 pages Challenges of the 21st Century   Citizens of the world look on with anticipation as our society moves into the twenty-first century. Although the world has not accomplished the wild ideas presented in science fiction, we have made a huge amount of progress in technology. However, many hurdles still need to be faced. Numerous critical problems will face both America and the world as a whole in this new millennium. Three problems

Strategic Challenges Of The 21st Century

6184 words - 25 pages Strategic challenges of the 21st CenturyIntroductionThe first part of my module deals about 'what is strategy?'. Strategy basically deals with three basic questions and it applies to get the answer of these questions. The three questions are 'where are we today?', 'where we want to go in future?', and 'how we can go there?'. Strategy basically makes a bridge among these questions. Initially, strategy is related with or derives form the military

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 Public Colleges And Universities Face In The 21st Century

818 words - 4 pages Public colleges and universities are facing many compelling challenges in the 21st century, among them, a greater demand for institutional accountability and affordability, as well as declining financial resources. Although tuition rates and fees are increasing, institutions are still experiencing financial difficulties and the public’s opinion of higher education is disparaging. Leaders within the institutions are charged with developing new