Emerging Challenges for Management
Managing in the managing world has made management an exciting profession. Some of the major emerging challenges that confront all managers today are as follows:
1. Globalization of Business
One major challenge faced by all managers today is globalization. No longer can any organization regardless of size or type ignore the globalization of business. Globalization implies free trade in products and services, offering a wide choice to customers across a borderless world. It experts continue pressure on competing organizations to upgrade quality, reduce costs, and or develop new and superior products in terms of customer’s needs and expectations.
2. Information Technology
Today’s managers must manage information technology (IT) and in the e-business world. IT must be selected and implemented with the end-user and work to be accomplished firmly in mind to be effective. The IT choices available to modern managers far exceed those that were available just a few years ago.
3. Quality and Productivity
Another area of interest emerging in recent years has been quality, productivity, and their interrelationships. As Japanese manufacturers began beating out U.S. competitors in quality comparisons, western managers soon began taking a more serious look at Total Quality Management (TQM). Hence; managers have become more cautious to increase the productivity of their employees.
4. Ethics and Social Responsibility
The decisions made by managers in organizations have a broad reach both inside and outside the organizations. Thus, managers must be concerned with ethics, and social responsibility. Many organizations today are taking steps to enhance the ethical standards of their managers and to avoid legal or public sentiment problems.
5. Change
Managers also face more change today than ever before. It is important to keep in mind that any change in the organization or environment may have effects extending beyond that area. Thus, managers face the challenge of managing change. They must be aware of factors contributing to change and impact on the practice of management.
A mark of a good leader is to be able to provide consistent motivation to his team encouraging them to attain excellence and quality in their performance. A good leader is always looking for ways to improve production and standards. Here are six management skills you can develop as a leader in working to create a quality effective team.
