The Future Of Management Essay

803 words - 3 pages

The Future of ManagementIn today's business world, as in the past, and in the future, the role of management who can bring success to an organization and guide the organization to meet future challenges is essential. Management role will be more complex and very critical to the organization's success. Managers will have to become more knowledgeable workers and will be expected to do more than just manage. The middle or upper management will be faced with innovating new ideas to implement changes while keeping employees productive, challenged, and happy as well as increasing the organization's profits. Many organizations will continue to place tremendous emphasis on quality improvement efforts, utilization of information technology, and management challenges. The purpose of this paper is to differentiate between management and leadership, describe emerging management trends, and examine how the four functions of management will change in the future.Management and leadership are similar in some ways, but very so different. They both decide what needs to be done; they create networks or teams of people and relationships to complete projects or daily tasks while ensuring that employees accomplish these tasks. Leadership also has implementation process of aligning people to a desired vision as well as inspiring employees to follow that vision. Leadership does not provide consistency, but creates change through developing a vision of the organizational future as well as strategies to achieve that vision.Management oversees the work of their employees. In a successful management role, managers coach, nurture, and empower workers to use their skills and expertise to provide a positive outcome. Managers also inspire efficiency, productivity, and creativity by providing direction as well as their support. For example, managers focus on various training programs, such as communication skills, technology, knowledge, problem solving, mission, vision and values. Management performs the yearly competence assessment by evaluating their employee's performance. In addition, managers direct their energy towards goals, resources in order to simplify the process, and reduce operational expenses. Also, managers must be able to adapt to new changes and business philosophies.An article written by Elie Botaris (2003) discusses emerging key trends, such as e-learning, leadership development, project management, and focus learning. These trends will link learning to an organizational strategy and will aid in aligning it with the goals and values of the organization (Botaris, 2003). The learning trends will meet the need of an organization and improve employees' productivity and efficiency in order to lead to future growth and success. The...

Find Another Essay On The Future of Management

Future of Management Essay

600 words - 2 pages Future of Management Page 1Future of ManagementMGT 3303 November 2003Future of Management Page 2AbstractAs the business world continues to adapt and change future managers will need a new approach separate from the traditional role of management. Management and leaders alike will have challenges to contrast bigger, better, and faster concepts.Future of Management Page 3Future of ManagementManagement is someone who plans, organizes, leads and

Future of Management Essay

670 words - 3 pages Today's marketplace is changing at a rapid pace with new technologies, economy change, and increased competition. To face these challenges, companies rely on top management to plan and formulate methods to overcome these obstacles. The primary task of top management is implement a strategic plan. Strategic planning is the process of identifying the business of the firm today and the business it wants for the future, and the course of action or

Future of Management

785 words - 3 pages is not necessary for the same person in a group to exercise all these tasks. Different people can take on parts of the management function. Someone on a team can do the planning. Another person can do the budgeting. A third team member can monitor quality. Members of a team can take turns facilitating meetings. The team as a whole can share responsibility for meeting performance targets. In other words, organizations do not need managers to

Management in the future

2973 words - 12 pages ethics.What a manager does and how it is done can be categorized by Henri Fayol's four functions of management: Planning, Organizing, Leading and Controlling. Through these functions managers can be catalysts for change or by definition change agents - "People who act as catalysts and manage the change process." (Robbins, Bergman, Stagg and Coulter, 2000, p.438) Whether performing the role of the change agent or not, change is an integral part of a

Management in the Near Future

763 words - 3 pages Management in the Near FutureAs the business world continues to adapt and change almost on a daily basis, an organization must stay ahead of the game to be successful. Management and leaders alike continue to have challenges stand in their way of managing in the future because of these constant changes. Carlos Taborda states, "The leader's role has changed to become more complex and even more critical to success." (2000). All managers must work

Future of Management Management: Theory, Practice & Application

1280 words - 5 pages management and leadership and how they compare and contrast to each other in their roles to implementing change. It will also discuss new business concepts and trends and how they affect the emerging responsibilities of management. And finally, this paper will portray how the four functions of management will need to change in the future, and how important that change is to the vitality of its purpose.Compare and ContrastManagementManagement is the

The Future Of Manangement

775 words - 3 pages The Future of Management Much of leadership in education today is focused no longer upon directive-style, or top-down management because of the results of research which shows that anxiety impairs learning, and that emotional attachment to work improves learning as well as performance and staff-retention.These findings have transferred well into all arenas of management, and have boosted a trend toward decentralized leadership. Although much of

The Importance Of Responsible Nutrient Management to the Future of Agriculture

1440 words - 6 pages equilibrium between yields and conservation. The ecosystem of nutrients in the soil is very fragile and if farmers are not careful they will harm the ecosystem, which will cause farmers to loose yields and the world to loose its resources. Nutrient management is important to the future of agriculture because responsible nutrient management helps produce more crops to support the world. There are many factors that go into proper nutrient management

The future of Pharmacy

959 words - 4 pages assure that all those involved are currently knowledgeable. According to OHIO UNIVERSITY, “the field of pharmacy will experience a demand for pharmacists not only in retail areas but in collaborative environments with hospitals, scientists, drug therapy,and management, pharmaceutical companies etc.” Pharmacists now need to be PharmD licensed and in the future will need resizing so as to specialize in more diverse areas. Diseases are becoming

the future of capitalism

2232 words - 9 pages Third World History Book Report .      This book report reflects upon the writings of Lester C. Thurow in his 1996 book - "The Future of Capitalism". Thurow is a professor of economics at M.I.T. School of Management and has been a contributing editor to the Newsweek journal. "The Future of Capitalism" is an analytical look at the state of world economics in the late Twentieth Century. Thurow

The Future of Outsourcing

1601 words - 6 pages my mind is the governance or management of the outsourcing from within the original company. When a company decides to outsource they make an investment in their future. Without proper management and continual communication on new and upcoming needs of the business, an outsourcing relationship can quickly become inefficient and hinder growth. Thus it is clear how important a decision is to outsource. Outsourcing, the act of subcontracting

Similar Essays

The Future Of Management Essay

888 words - 4 pages Abstract Management development strategies of many organizations seemed to converge in the nineties. We thought the world would stay on a standstill when the millennium loomed. The new word on the street was “Y2K.” So what are the concerns for the current state of management development, and what we expect for the future to hold? This paper will tackle such issue. The Future of Management Companies are geared into increase in efficiency and

The Future Of Management Essay

938 words - 4 pages The future of management is changing rapidly. Starting at the end of the 20th century, corporations began restructuring themselves. The introduction of the Internet, advances in technology, globalization, diversity, and social responsibility have forced many companies to rethink old management styles and look for more innovative ways to compete for their market share. This rapid change has left many companies on the decline because they either

The Future Of Management Essay

860 words - 3 pages Management is changing. It is evolving at the speed of technology and it seems that only the young will survive. With technology running rampant and employees demanding to be treated as equal, managers today and in our future are faced with creating new and innovative ideas to facilitate change and keep their employees challenged and productive while maintaining esprit de corps as well as increasing revenue.Historically, managers were the ones

The Future Of Management Essay

835 words - 3 pages Numerous factors have and will continue to change the practice of management. Advancing technology, changing demographics including an aging workforce and vast diversity in the workforce, and globalization are just a few of the changes facing managers today. These factors will continue to change the ways in which managers manage. In this paper, I will talk about how globalization will change the future of management, and how it will affect new