Current trends and issues in management

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

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

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

6. 4. Organization design and structure:
Designing an organization with foreign concepts such as quality
circles, TQM, etc.

R.Arun Kumar, 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.Arun Kumar, AP/Mech, RIT

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

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

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

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

12. 10. Adaptability:

R.Arun Kumar, 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.Arun Kumar, AP/Mech, RIT

14. Globalization:
Globalization means integration of countries through
commerce, transfer of technology, and exchange of information
and culture.

R.Arun Kumar, AP/Mech, RIT

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