Contemporary issue faced in 20th century by the management at glibal and domestics level. A brief case study. Management stdudents should know that how and what challenges or issues are faced by the managers all over the globe.
4. List of some of the major contemporary issues of
Management:
• Change Management
• Ethics
• Customers satisfaction &Innovation
• Quality & Productivity
• Quality of work life
• Digitalization
• Work force Diversity
• Skepticism
• Retaining employees
• Environmental Issues
5. CHANGE MANAGEMENT
DO
OR
DIE
• Deal with continues shifting.
• As we all know this an Era of rapid diversification &
Technological advancement.
• Resistance to adopt the change from the employees’ side.
• It require proper training
• Drastic change in market condition
6. ETHICS
• ETHICS are rules and principles that define right & wrong
conduct.
• Ethical conflicts/ dilemma are most common in industries.
• It has got a solid grip in recent years.
• Cases of corporate lying, misrepresentation, misinterpretation,
financial manipulation have been widespread in recent years.
• Some of the examples are Harshad Mehta Scam, Satyam Scam
etc.
• Hence, increased emphasis on ethics education in university
and college curriculums.
7. Customer satisfaction & Innovation
• Delivering consistent high quality service
• A customer responsive organization need to be
created.
• To cater the need and ensure satisfaction of the
customers should be the main concern.
• Ensuring Continuous revaluation of products.
8. QUALITY & PRODUCTIVITY
• With the continuous process of production the manager
should ensure of good quality products.
• Not only quality, the quantity aspect should also be taken into
consideration i.e. productivity.
• Quality Control Techniques ( Solutions )
• Inspection & testing
• Random sampling
• Quality control charts
• Past records and standards
• Statistical measures to quality control
9. Healthy work life
• Not only work and productivity of the individual should be
taken into consideration.
• Instead a holistic development of the employee should be there.
• Now-a- days this aspect of managing is missing from most of
the managers.
• Practicing it is the need of the hour.
SOLUTIONS
• Flexible working hours.
• Focus on productivity rather than working hours
• Reviewing the workloads
• Give off times & breaks
10. WORKFORCE DIVERSITY
• Increasing heterogenicity in the workforce.
• It may be in terms of Gender, race, ethnicity or other
characteristics.
• It is a global managerial issue
• There may be a challenge for manager to make
organizations more accommodating to diverse groups
of people.
• Smart mangers recognize diversity as an asset.
(Why?)
11. SKEPTICISM
• Many a times due to lack of transparency the subordinates or
team working under the management, rises questions.
• This happens when they feel distanced from the managers or
are facing high social loafing.
• Hence it’s the duty of the manager to be crystal clear in his/her
approach and hence accountable.
ENVIRONMENTAL ISSUES/CSR
• Toxic waste management
• Growing environmental concern( now a judgmental criteria for
people)
• Minimizing carbon footprint
• Political, Cultural, Economical environments(HOW?)
• WHY CSR activities?? Important for a manager?? (Discuss)
12. RETAINING EMPLOYEES
• It has been a major managerial problem now-a-days as employees
are leaving the job/ organization of reasons such as:
• Lack of job satisfaction
• Lack of recognition
• Better alternatives
• ?? What more ??
• Now the question arises:
• Why should an employee stay in an organization??
• What a manager can do to retain valuable employees??
Hence these are some of the MAIN GLOBAL
CONTEMPORARY ISSUES OF MANAGEMENT that
managers all over the world face.