emerging management issues and challenges

Emerging Management Issues And Challenges

Group – 6 Shaishav Kumar Dahal(106)

Aishwarya Dhakal(130)Kritagya Raj Upadhaya(118)

Yogendra Bhadur shrestha(112)Sushant Gautam(124)

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Emerging Management Challenges

• Globalization• Development of Environment• Quality and Productivity• Ethics and Social Responsibility• Innovation and Change• Technological Development• Knowledge Management• Work Force Diversity• Multicultural Effects• Empowerment of Employees

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Globalization• EXPANDING BUSINESS IN MORE THAN ONE COUNTRIES.• THE PROCESS OF GLOBALIZATION,HOWEVER HAS

MARKED SINCE 1980’S• THERE ARE 3 REASON FOR THIS:1. THE SPREAD OF MARKET BASED ECONOMIC SYSTEM.2. FALLING BARRIERS TO INTERNATIONAL TRADE AND

FOREIGN DIRECT INVESTMENT.3. TUMBLING COMMUNICATION AND TRANSPOTATION

COST.

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DEVELOPMENT OF ENVIRONMENTALISM

• MAJOR ISSUES IN MANAGEMENT.• ISSUES INVOLVE TOXIC WASTE,GLOBAL

WARMING,E.T.C• DRAW ATTENTION OF DIFFERENT

SOCIAL,BUSINESS N POLITICAL INSTITUTE.• MASNAGER HAVE CHALLENGE TO DEVELOP

CREATIVE WAY TO MAKE PROFIT.

Ethical Consideration

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Conception of right and wrong conduct. Deals with human relationships. Judges our behavior as moral or

immoral. Application of general

ethical ideas to

business behavior.

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Any entity, whether state, govt. or corp. has a responsible to society. Corporate social responsibility. Invest in communities. Minimize environmental

footprint. Treat with respect and

dignity. Be responsive to customers.

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Social Consideration

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Quality and Productivity

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• That best fulfills the particular needs

of consumers at a price that they are

willing to pay.• Consumer loyalty. • Lower level of complaints.• Longer product life cycles. • Less promotion.• Higher price.• Better corporate image.

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Quality Control Techniques

Inspection and testing. Random sampling. Delegating workforce for QC. Quality control charts and statistical measures to

control quality.

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Innovation and Change

• What Is Innovation?– Turning the outcomes of the creative process into

useful products, services, or work methods

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Inputs Transformation Output

Creative Individuals,Group

s,Organization

Creative Environment,Pro

cess,Situation

Innovative Products,work

Methods

Innovation And change (Contd..)

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• What Is Change?Organizational Change -Any alterations in the

people, structure, or technology of an organization

Technological Development

• Components Of Technological Development -Choice of Technology -Needs identification -Acquisition -Management and utilization -Upgrade and Maintenance -Information and Communication Technology

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Workforce Diversity And Multi – Cultural Effects

• Multiculturalism a broad issue• Diversity exist in any organization

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Factors of

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• Age distribution• Gender• Ethnicity• Physically challenged• Single parents• People with special dietary

preferences• Political ideologies

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Managing Diversity

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• Individual Strategies–Understanding– Empathy– Tolerence–Willingness to communicate–Diversity and multicultural training

• Organizational Approaches–Policies–Practices

Empowerment of Employees

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• Demonstrate That You Value People• Share Leadership Vision• Share Goals and Direction• Trust People• Provide Information for Decision Making• Delegate Authority and Impact Opportunities, Not

Just More Work• Provide Frequent Feedback• Solve Problems: Don't Pinpoint Problem People• Listen to Learn and Ask Questions for Guidance• Help Employees Feel Rewarded for Empowered

Behavior

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Conclusion• Challenges cannot be predicted• No one way of solving a problem• Uneven patterns• Achieving economic

diversification• Steering Growth

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!!!!!! Thank you !!!!!!

Have A Great Day

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Any Queries???