Management challenges for the 21st Century
Management Challenges for the 21st Century Peter Drucker
What Are Three 21st Century Challenges in Strategic Management?
Answer
Many challenges face a manager in the 21st century. A looming challenge in strategic management right now is globalization. Another is a volatile world economy. A third challenge in 21st century strategic management is the ever changing environment of government regulations, both domestically and internationally.
Globalization
Globalization is the international integration of intercultural ideas, perspectives, products/services, culture, and technology.
Ethics and Governance
Ethics is at the core of corporate governance, and management must reflect accountability for their actions on global community scale.
Diversity
Globalization demands a diverse work force, and assimilating varying cultures, genders, ages, and dispositions is of high value.
Career Success and Personal Fulfillment
Career success and fulfillment hinges on effective human resource management, the practice of empowering employees with the necessary tools and skills.
Technology
Technology management is crucial in offsetting the risks of new technology while acquiring the operational benefits the technology provides.
Competition
Managers must understand a company's competitive advantage, and translate this into a strategy that incorporates the competitive landscape.
A Framework for Considering Challenges: PESTEL
The PESTEL framework highlights six critical factors for management to consider when approaching the general business environment.
A Look at the Managers of Tomorrow
Posted on August 25, 2009by greatworkplace
Randstad recently published an excellent report on the Managers of Tomorrow, including some fascinating statistics and observations on what our managerial landscape might look like in the future. In his book, “The Future of Management,” Gary Hamel argues that the secret to long-term business success is “not
What Are Three 21st Century Challenges in Strategic Management?
Answer
Many challenges face a manager in the 21st century. A looming challenge in strategic management right now is globalization. Another is a volatile world economy. A third challenge in 21st century strategic management is the ever changing environment of government regulations, both domestically and internationally.
Globalization
Globalization is the international integration of intercultural ideas, perspectives, products/services, culture, and technology.
Ethics and Governance
Ethics is at the core of corporate governance, and management must reflect accountability for their actions on global community scale.
Diversity
Globalization demands a diverse work force, and assimilating varying cultures, genders, ages, and dispositions is of high value.
Career Success and Personal Fulfillment
Career success and fulfillment hinges on effective human resource management, the practice of empowering employees with the necessary tools and skills.
Technology
Technology management is crucial in offsetting the risks of new technology while acquiring the operational benefits the technology provides.
Competition
Managers must understand a company's competitive advantage, and translate this into a strategy that incorporates the competitive landscape.
A Framework for Considering Challenges: PESTEL
The PESTEL framework highlights six critical factors for management to consider when approaching the general business environment.
A Look at the Managers of Tomorrow
Posted on August 25, 2009by greatworkplace
Randstad recently published an excellent report on the Managers of Tomorrow, including some fascinating statistics and observations on what our managerial landscape might look like in the future. In his book, “The Future of Management,” Gary Hamel argues that the secret to long-term business success is “not