Emerging horizons of management in the changing environment

BY Arvind Kumar and Pranav Kumar Ojha MBA 1st Semester

MONIRBA , University of Allahabad

BY Arvind Kumar and Pranav Kumar Ojha MBA 1st Semester

MONIRBA , University of Allahabad

HORIZONS- mean a line at which the earth and the sun appear to

meet\ just imminent or apparent

HORIZONS- mean a line at which the earth and the sun appear to

meet\ just imminent or apparent

Why to study?Why to study?

• Uncertainty of environment

• Competitive edge.

• Better services to consumers.

• Uncertainty of environment

• Competitive edge.

• Better services to consumers.

Points to be Covered under the topic, “Emerging horizons of management in the Emerging horizons of management in the

changing environmentchanging environment””

Points to be Covered under the topic, “Emerging horizons of management in the Emerging horizons of management in the

changing environmentchanging environment”” Developments in the Field of Management Horizons Contemporary Management Theory Contemporary Management Challenges Challenge of International Management Focus of Attention For Future Managers Challenges in The Management Arena Issues involved in Future Management Skills required in Future Managers

HorizonsHorizons

• Transnational management system• Technology• Organization and natural environment• Cultures and multiculturalism• Inventing and reinventing organizations• Rural management•Management of increased urban

generation

• Transnational management system• Technology• Organization and natural environment• Cultures and multiculturalism• Inventing and reinventing organizations• Rural management•Management of increased urban

generation

•Risk management•Crisis management•Knowledge management•Security management•Newer organizational designs•Quality management

•Risk management•Crisis management•Knowledge management•Security management•Newer organizational designs•Quality management

THE TRANSNATIONAL MANAGEMENT SYSTEM

THE TRANSNATIONAL MANAGEMENT SYSTEM

One of the most significant business and economic trends is the transnational management system of the stateless corporationsWe can say that the trend towards “stateless” is unmistakable and irreversible because it helps solve the following problemsTrade problemsPolitical problemsRegulatory problemsTechnology related problems

TechnologyTechnology

• Emerging technology are those technical innovations which represent progressive developments with in a field for competitive advantages

• E- Commerce• Mobile Banking• RFID

• Emerging technology are those technical innovations which represent progressive developments with in a field for competitive advantages

• E- Commerce• Mobile Banking• RFID

Organizational and natural environment

• HAWKEN proposes a set of GREEN FEES to replace all of the taxes that we currently have.

• MANAGERS in the next century will undergo a GREEN REVOLUTION taking the ENVIRONMENT into account in their DECISION MAKING on a routine basis.

• These GREEN TAXES can be used to make our society better and turn the GLOBAL ECONOMY into a GREEN ECONOMY.

Cultures and multiculturalism

• Making a strength of DIVERSITY will be the necessity for the successful managers operating in the next century.

• Managers have to think differently about the complex mosaic of

cultures.

Inventing and reinventing organizationsInventing and reinventing organizations

• Reengineering involves redefining processes as patterns of relationships connecting organizational members with people outside the organizations.

• SPEED,QUALITY OF SERVICE,OVERHEAD COSTS are the important competitive issues that reengineering can address.

• Reengineering involves redefining processes as patterns of relationships connecting organizational members with people outside the organizations.

• SPEED,QUALITY OF SERVICE,OVERHEAD COSTS are the important competitive issues that reengineering can address.

In risk management, a prioritization process is followed whereby the risks with the greatest loss and the greatest probability of occurring are handled first, and risks with lower probability of occurrence and lower loss are handled in descending order.

Risk management

Crisis management often

includes strong focus on

public relations to recover

any damage to public

image and

assure

stakeholders that recovery

is underway. Three

elements are common to

most definitions of crisis:

(a) a threat to the

organization, (b) the

element of surprise, and (c)

a short decision time.

Crisis management

It includes forecasting potential crisis and planning how to deal with them.

For example, how to recover if your computer system completely fails. Hopefully, organizations have time and resources to complete a crisis management plan before they convert in stress.

Knowledge managementKnowledge management

Knowledge Management programs are typically tied to organizational objectives such as improved performance, competitive advantage, innovation, developmental processes. From management point of view , knowledge workers are those individuals whose jobs are designed around the acquisition and application of information .

• Security management is a broad field of management related to:• Assets management, • Human resource safety

function.• It is the set of functions

that protects telecommunications networks and systems from unauthorized access by persons

Two newer organizational designs that have emerged recently are : Virtual organizationBoundaryless organization Challenges in organizationAre:Managing workforce Diversity,Providing effective Leadership

Newer organizational design and Newer organizational design and challengeschallenges

Virtual organizationNetwork of independent institutions, businesses or specialized individuals, who work together in a spontaneous fashion by way of information and communication technology, in order to gain a competitive edge. They integrate, unify their core-competencies and function as one organization

Boundary less organizationBoundary less organization

A structure that is not defined by or limited to

Horizontal Vertical External

boundaries

INCREASING QUALITY CONSCIOUSNESS

It has generated the adoption of following practices:

(1)emphasis on total quality management (TQM)

(2)moving towards six sigma

Emphasis on TQMEmphasis on TQMIt can be defined as “ a philosophy of management

driven by continual improvement and responding to customer needs and expectations.”

Total quality is called total because it consists of two qualities: quality of return to satisfy the needs of the shareholders, and quality of products.

Features of TQM:Intense focus on customerConcern for continual improvementProcess- focusedImprovement in the quality of every thing the

organization does.

Six sigma constitute of-

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

simultaneous

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

simultaneous

• Globalization• Ownership• Environment• Strategy Formulation• Ethics and Social Responsibility• Workforce Diversity• Change• Empowerment• Information Technology

• Globalization• Ownership• Environment• Strategy Formulation• Ethics and Social Responsibility• Workforce Diversity• Change• Empowerment• Information Technology

Globalization and management

• Management in 2000 and beyond will view globalization in all its aspects:

• Speed• Proximity• attitude

• 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).

• Value systems• The social and Ethical beliefs• Understanding and interpretation of

various symbols and different languages spoken by people of different cultures

• Value systems• The social and Ethical beliefs• Understanding and interpretation of

various symbols and different languages spoken by people of different cultures

Development of organizational structures-1. The ever-changing environment2. Its increasing size and complexities3. The changing needs of its employees4. Multiple goals to be mutually satisfied rather than satisfying a single goal

Increased emphasis on human behaviors-

o Job analysiso Transaction analysiso Management by Objectiveso Management by exceptionIncreased attention on

Management of change

Increased emphasis on human behaviors-

o Job analysiso Transaction analysiso Management by Objectiveso Management by exceptionIncreased attention on

Management of change

Qualities of the future managersQualities 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.

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.

• 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.

ReferencesReferences MANAGEMENT BY STEPHEN P. ROBBINS, MARY COULTER AND

NEHARIKA VOHARA MANAGEMENT BY WEIHRICH,CANNICE AND KOONTZ MANAGEMENT BY STONER MANAGEMENT BY JAMES A. F. STONER AND CHARLES WANKEL;

THIRD EDITION SIX SIGMA PROJECT MANAGEMENT BY JEFFREY N. LOWENTHAL MANAGEMENT BY R.W. GRIFFIN, FIFTH EDITION PRINCIPLES OF MANAGEMENT BY DR. NEERU VASISHTH WIKIPEDIA GOOGLE

MANAGEMENT BY STEPHEN P. ROBBINS, MARY COULTER AND NEHARIKA VOHARA

MANAGEMENT BY WEIHRICH,CANNICE AND KOONTZ MANAGEMENT BY STONER MANAGEMENT BY JAMES A. F. STONER AND CHARLES WANKEL;

THIRD EDITION SIX SIGMA PROJECT MANAGEMENT BY JEFFREY N. LOWENTHAL MANAGEMENT BY R.W. GRIFFIN, FIFTH EDITION PRINCIPLES OF MANAGEMENT BY DR. NEERU VASISHTH WIKIPEDIA GOOGLE

THANKS TO

SIR AND

THANKS TO

SIR AND

ALL THE LISTENERS