This presentation discusses about current trends and issues in management in Principles of Management

1. CURRENT TRENDS AND ISSUES IN
MANAGEMENT
R.ArunKumar,AP/Mech,RIT

2.  Changes in socio – economic and political conditions are
bound to bring the changes in environment within the
organization.
R.ArunKumar,AP/Mech,RIT

3. 1. Workforce diversity:
 The biggest challenge for an organization will be
accommodating diverse groups of people at work place.
 If an organization succeeds in this, it can increase the
creativity and innovation.
R.ArunKumar,AP/Mech,RIT

4. 2. Changing demographics of workforce:
 Increase in young workers, friends, women employees, etc.
 Such workforce requires to be handled with circumspection.
R.ArunKumar,AP/Mech,RIT

5. 3. Changing employee expectation:
 Organization have to redraw new methods of motivation such
as job design.
 In terms attractive remuneration (housing, job security,
empowerment, etc.)
R.ArunKumar,AP/Mech,RIT

6. 4. Organization design and structure:
 Designing an organization with foreign concepts such as quality
circles, TQM, etc.
R.ArunKumar,AP/Mech,RIT

7. 5. Technological up gradation:
 In wake of technological advances, new jobs will be created and
many old jobs will become redundant.
R.ArunKumar,AP/Mech,RIT

8. 6. Management of human relations:
 Satisfaction of employees.
 Ego based on qualification of employees.
R.ArunKumar,AP/Mech,RIT

9. 7. Changes in legal environment:
 Change in political situation, women working in night shift.
R.ArunKumar,AP/Mech,RIT

10. 8. Change in industrial relations:
 Tie up with industries.
R.ArunKumar,AP/Mech,RIT

11. 9. Expanding globalization:
 Business have crossed national boundaries.
R.ArunKumar,AP/Mech,RIT

12. 10. Adaptability:
R.ArunKumar,AP/Mech,RIT

13. Indian business in the globalization:
 New Industrial Policy (NIP) 1991.
 Advances in technology in area of telecommunication,
transportation and IT have made possible the global business.
R.ArunKumar,AP/Mech,RIT

14. Globalization:
 Globalization means integration of countries through
commerce, transfer of technology, and exchange of information
and culture.
R.ArunKumar,AP/Mech,RIT

15. Multi National Corporations:
 An enterprise operating in several countries but managed
from home country.
R.ArunKumar,AP/Mech,RIT

16.  Any company or group that derives a quarter of its revenue
from operations outside of its home country is considered as
MNC.
R.ArunKumar,AP/Mech,RIT

17. Advantages:
 Inexpensive labor.
 Availability of natural resources.
 Favorable tax arrangements.
 Fresh markets for products.
 New jobs with higher pay and greater challenge.
 Transfer of advanced technology.
 Array of social benefits from sharing.
R.ArunKumar,AP/Mech,RIT

18. Disadvantages:
 Competition from MNC affects local industry.
 Utilizes local labour force at low wages to yield high profits.
 Lack of development in local R&D.
R.ArunKumar,AP/Mech,RIT