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Contemporary issues of management
- 1. CONTEMPORARY ISSUES OF MANAGEMENT PRESENTEDBY: AYUSH PRASAD GUIDED BY : MRS.VASUDA SHARMA MA’AM
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- 4. List of someof 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 • Dealwith 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 arerules 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 • Increasingheterogenicity 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 atimes 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 • Ithas 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.