Emerging horizons of management in the changing environment
1. Emerging horizons of management in
the changing environment
BY
Arvind Kumar
and
Pranav Kumar Ojha
MBA 1st Semester
MONIRBA , University of Allahabad
2. HORIZONS- mean a line at which
the earth and the sun appear to
meet just imminent or apparent
3. Why to study?
• Uncertainty of environment
• Competitive edge.
• Better services to consumers.
4. Points to be Covered under the topic,
“Emerging horizons of management in the
changing environment”
Developments in the Field of Management
Contemporary Management Theory
Contemporary Management Challenges
Challenge of International Management
Management Challenges in the international/ Global Economy
Focus of Attention For Future Managers
Challenges in The Management Arena
Issues involved in Future Managment
Qualities Of The Future Managers
5. Contemporary Management Theory
Theory z-
• American style of Management (Type A)
• Japanese style of Management(Type B)
Excellence Movement Theory-
• Getting things done on Time
• Staying Close to The Customer
• Promoting Autonomy And Entrepreneurship
• Maximizing Productivity through People
• Using A Hands on Approach to Managing
• Doing What The Company Knows Best
• Maintaining A simple, lean, Organizational Structure
• Promoting both Centralization and Decentralization simultaneously
6. • Globalization
• Quality And Productivity
• Ownership
• Environment
• Strategy Formulation
• Ethics and Social Responsibility
• Workforce Diversity
• Change
• Empowerment
• Information Technology
9. 2.Political and Legal Environment
• Political stability.
• Incentives(reduced interest on loans, tax
subsidies, market protection etc.) to attract
foreign business.
• Reduced international trade barriers imposed
on international trade( in the form of
tariffs, quotas, export restraint agreement and
by-national laws).
10. 3. Cultural Environment
• Value systems
• The social and Ethical beliefs
• Understanding and interpretation of
various symbols and different
languages spoken by people of
different cultures
11. Management Challenges in the
international/ Global Economy
1.Planning
2.Organizing
3.Staffing
4.Directing
5.Controlling
12. 1.Planning
(A) At domestic level
Local market conditions
The technological factors
The growth of products and markets
The strength and weaknesses of domestic and foreign competitors
(B) At the international level
Economic, political and legal stability of an economy
The availability of required technology and finance
The ease of formation of business enterprise or their strategic
alliances
Understanding of environmental circumstances
13. 2.organizing
Reorientation of organizing ability
Project or Matrix Organizing Structure
Managing organizational structure and
design
Managing people
Managing change
Enough authority to local managers in each
country
14. o
(3) Staffing-
Selection of competent employee
Reduction in training and developmental expenditure
(4) Directing-
Understanding the cultural factors of indivusals
Variance in motivational factors and communication
across culture
Use of democratic style of leadership with the people
of same community
Non- financial motivation
Two way communication techniques.
16. Focus of Attention For Future Managers
System theory
Development of organizational structures-
1. The ever-changing environment
2. Its increasing size and complexities
3. The changing needs of its employees
4. Multiple goals to be mutually satisfied rather
than satisfying a single goal
17. Increased emphasis on human
behaviors-
o Job analysis
o Transaction analysis
o Management by Objectives
o Management by exception
Increased attention on
Management of change
18. Changes in The Management Arena
Changes in knowledge , information and techniques.
Changes in scope of Management.
Changes in the issues and problems facing
managers.
Change in the Environment-
(a)Demographic change
(b)Pollution
(c)Depletion of resources
19. Issues involved in future management
Increased Employee Participation
Increased Social Consideration
Increased Technological Developments
Increase in International Business-
Managers should be able to analyze-
(a) Potential of foreign buyers to buy the company’s products
(b) The Political climate of the Host country
(c) The capital requirements to set up the business in the
foreign country
20. Qualities of the future managers
He, besides being a specialist in his area of specialization,
must also posses requisite knowledge about other areas of
management.
Without emphasizing on a single goal, he must maintain a
balance among the multiple organizational goals keeping in
the mind the impact of the various environmental changes.
Various managerial skills should be possessed by managers
at all levels
Manager’s vision should be clear, he must be able to
absorb future information, distribute it throughout the
organization , make and implement the decisions based on
this information.
21. a
• According to Adrien Furnham,a
professor of Psychology at the
University college of London,
“ Good managers in the 21st
century should understand
conditions and human needs.”
• They should realize that frequently the
heart rules the head and should know
what this means for an organization.