The document discusses emerging issues and challenges for modern managers. Key challenges include globalization, which allows products to be sold worldwide; environmentalism and developing businesses sustainably; maintaining quality while improving productivity; managing a diverse workforce; driving innovation and change; empowering employees; keeping up with new technologies; and addressing multicultural effects in organizations. Overall, the document outlines the changing social and business environment and stresses that managers must be adaptable to new challenges for effective management.

1. Emerging issues and
challenges for management
Sadikshya Satyal

2. Content
• Introduction
• Issues and challenges
• Conclusion

3. Introduction
• The changing social and business environment is said to the emerging
issues and challenges
• The knowledge about emerging new challenges is necessary for
managers to modify and adjust themselves to work efficiently
• managers must be able to adjust to the emerging new challenges for
the efficient and effective management

4. Globalization
• The introduction of network has tied the people together;
• Any product produced in one part of the country can be sold to other
countries without barriers or restrictions
• Multinational companies are global players in business to survive and
prosper business operations
• Present managers have to work by considering the global perspective
• They must be innovative and adjustable according to the changing
environment

5. Development of environmentalism
• The environmental issues are the major issues in management
• These issues may not be the matter of interest to an enterprise,
especially in developing countries
• But politicians and social activists have picked up the environmental
banners
• The green movements have spread into different parts of the world
• Present managers have the challenge to develop their enterprise
creatively but without harming the environment

6. Quality and productivity
• In past many managers assumed that they could increase output only
by decreasing quality ; but present managers disagree
• Present managers have recognized that quality and productivity are
inter related to each other
• Three positive results to the management:
Low return of defects from customers
Minimized wastage of resource
Reduces the need of inspector

7. Ethics and social responsibility
• Ethics is about an individual’s personal beliefs about what constitutes
right and wrong
• The most vital ethical concern of modern managers is to know how
an organization treats its employees
• Social responsibility is the set of obligations that an organization has
to fulfill towards the society

8. Workforce diversity
• Workforce is increasing in organizations today because of changing
population dimensions
• There are several dimensions of diversification; the important are age,
gender, and ethnicity
• The diversification in workforce can affect the organization differently
• In one hand it can be the source of cost advantage and on the other
hand it could be a source of conflict in an organization

9. Innovation and change
• Innovation of new knowledge to fulfill the expectations of
stakeholders is increasing today
• At present managing change is critical challenge to managers
• It is the responsibility of managers to handle such change in scientific
and practical way
• Managers can use variety of tools to harmonize the working
environment of the organization

10. Empowerment and change
• Employees are the major element of the internal environment of an
organization
• When managers and employees embrace the same values and have
same goals, it becomes convenient to achieve organizational
objectives
• At present, employees have become more powerful due to
decentralized authority and labor unions affiliated to political parties

11. Knowledge and development
• Knowledge has become power
• The society expects new ideas, things and creativity in product and
service
• To fulfill such social expectations, the manager has to accumulate
knowledge and ideas from all the members involved in the
organization
• A model manager must be flexible to manage knowledge and should
also consider the situational factor

12. Technological development
• Technological development tends to increase the aspirations and
expectations
• It develops the concept of competitive environment among the
manufacturers and supplies
• The most important challenges of present-day managers is to identify
and predict the ever developing new technology
• It is the responsibility of managers to keep pace with the changes in
technology and grab the opportunity to make business a success

13. Multi cultural effects
• Innovation of modern transportation system has tied the multi-
cultured people together
• They work together to meet their common objectives even if they
have different traditions, values, social attitudes
• Management is effective only when it is able to maintain coordination
among multi cultural professionals

14. Conclusion
• In Nepal, political instability, powerful labor unions affiliated with
political parties, rising public expectations and lack of skilled
manpower due to brain drain are the major challenges for managers
• Many Nepalese business organization are operating in measurable
condition
• Nepalese managers need to overcome the mentioned challenges and
the government needs to play the role of a facilitator