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introduction to management (seven challenges faced by managers (Managing…
introduction to management
manager is judged based on
economic performance
social performance
managers have a multiplier effect
their influence on the organisation is multiplied far beyond the results which can be achieved by a single individual.
seven challenges faced by managers
Managing for information technology
use of technology and internet in business
e-commerce is booming
changes in organisational structure
advantages of tech
organisations have become virtual
not bound by any time zone or location
lower cost of communication
4.
disadvantages of tech
loss of control of mangers over the employees
2.decreases productivity because of spam
loss of privacy
Managing for ethical standards
enforce strong positive ethical culture
managing for globalisation
Managing for sustainability
Sustainabilty is defined as the economic development that meets the need of the present generation without compromising the ability of the future generation to satisfy their needs.
managing for diversity
multi-generational workforce with different values and goals
diversity in race , culture
Managing for your own happiness
Managing for competitive advantage
they have to be ahead of their rivals in four main aspects
efficient
2.innovation
3.quality
4.responsive to customers