MANAGEMENT
CHALLENGES IN THE
21 CENTURY
ST
PRESENTED BY
JOHN BRITTO ROMEYO
MANAGEMENT
It is the art of getting things done through others
It includes the planning organizing leading and
controlling of human and other resources to
achieve the goals of the organization.
The end result of the management is the success of
the organization
MANAGEMENT CHALLENGES IN THE
21ST CENTURY
The 21t century showed new types of organization and new styles and ways of
managing things.
Due to deep transition of business and the world economy managing become
more difficult
There are many barriers that prevented the managers from achieving their goals.
Managers are always trying to deal with challenges such as change in customer
demand, globalization, competition etc.
Management need to develop a flexible workforce to meet the various challenges.
CHALLENGES
• Competition
• Ethics
• Technology
• Globalization
• Uncertain Market Scenario
• Quality control
• Sustainable and Green economy
COMPETITION
• Competition will be faced by every management and
the need to fix it by hook or by crook to ensure the
growth and survival of the company.
• Competition can be said as the activity or condition of
striving to gain something by defeating or establishing
superiority over others.
• Competition in business is the challenge or competition
among the companies offering comparative items and
are focused on same target.
ETHICS
• Ethics is neither a luxury nor an option
• Ethics is dealing with right and wrong with moral obligations
• Ethics should be considered while taking important decisions
because some decisions might influence people from internal
and external organization in bad ways.
• Managers should find countless ways to maintain the
leadership and work ethics inorder to make shure that the
organization is maintaining its relevancy.
TECHNOLOGY
• The 21st century will be known for the evolution of fast pace
technology
• Today technology is virtually in all sectors due to this certain
management have difficulty in managing the organization which is
employees lack of skill in technology.
• Technology can improve the accuracy of planning in management by
providing the managers with the accurate data they need to make
effective decisions.
• Technological changes includes change in terms of information
technology, communication technology and machine technology.
GLOBALIZATION
• Globalization is part of the management life or business plus it is also
a big challenge to the managers.
• Globalization can be said as the speedup of movements and giving
and taking of human beings goods and services, capital, technology or
cultural practices all over the world.
• Globalization has bought benefits in developed countries as well as
negative effects.
• Managers may face certain challenges while implementing global
culture.
• Managers has to think out of the box in order to start operating with
the organization on an international scale
UNCERTAIN MARKET SCENARIO
• Uncertainity is always present in the market and there is
always consequences.
• It can impact our mental wellbeing and decision making we
may find ourself prone to make rash decisions.
• None can say the current future of the market so taking
decision on the present situation and forcasting is a big
challenge.
• Inorder to cop up with this situation the best policies are
needed
QUALIT CONTROL
• Quality control is a strategy that a company cannot ignore if its
objective is to be competitive.
• Quality control inspects compliance with standards established by
companies and regulatory agencies to guarantee quality to
consumers and achieve optimum customer satisfaction.
• The management has to ensure that they provide best quality
products are produced otherwise the product will get extinct.
• Inorder to ensure their place in the market they have to give the best
quality output.
SUSTAINABILITY AND GREEN
ECONOMY
• Green growth, promotion of energy efficiency and clean energy
technologies and sustainable development are frequently viewed as
complementary goals of the management.
• Sustainability and green economy is a a great challenge to every
corporate.
The management has to ensure that the products and the system is
sustainable and is sustainable for the mankind.
• We must make effective utilization of our resources with minimum to
no wastage and give the best output in making a more greener and
eco-friendly economy.
CONCLUSION
• We must make the best from the available resources.
• Give the best quality products and services.
• Give time for social, legal and environmental
accountability.
• Make the effective required strategic decisions.
• Give time to ourself that is our resource is only ours.
