Management Challenges in 21st century organizations.pdf

Ppt presentation of management challenge for 21 st century

1. Management Challenges in 21st
Century Organizations
Suraj Thapa
EMBA

2. “In the 21st century, management faces various
unique challenges due to the evolving business
landscape, advancements in technology, changing
workforce dynamics, and shifting customer
expectations.”

3. Key Challenges
•Globalization and International Competition
•Technological Advancements
•Digital Transformation
•Changing Workforce Dynamics
•Talent Management and Skills Gap
•Ethical and Social Responsibility

4. Key Challenges…..
•Agility and Adaptability
•Data Privacy and Security
•Work-Life Balance and Employee Well-being
•Change Management

5. Globalization
•Organization Operates in Global
Market
•Increased Competition from
International Competitor
•Example:

Nepali Film Industry is
facing competition from
Bollywood and Hollywood

Fast-food Restaurant are
facing competition from
international chain of
restaurants like KFC, Pizza
Hut

6. Technological Advancement
•Rapid technological
advancements continue
to disrupt industries and
reshape business models

•Organizations must adapt
to emerging technologies,
such as artificial
intelligence, automation,
and data analytics

•Organizations in Nepal
also implementing latest
technologies

7. Digital Transformation
•The digital era has transformed
customer expectations and
interactions

•Managers must lead their
organizations through digital
transformation initiatives to
optimize processes and remain
relevant in an increasingly
digital world.

8. Changing Workforce Dynamics
•The modern workforce is
increasingly diverse,
comprising multiple
generations and remote
workers
•Managers must navigate and
leverage this diversity
effectively addressing
generational differences and
managing remote teams

9. Talent Management and Skills Gap
•Finding and retaining top talent
with the required skills is a
significant challenge

•Managers need to develop
effective talent management
strategies, attract and retain
skilled employees

•Retaining skilled Employee is
growing challenge of
Organization in Nepal

10. Ethical and Social Responsibility
•Organizations are under
scrutiny to demonstrate ethical
behavior, social responsibility,
and sustainable practices

•Managers must lead by
example, drive corporate social
responsibility initiatives, and
align the organization's values
with societal expectations.

11. Agility and Adaptability
•The business environment is
characterized by rapid change,
unpredictability, and uncertainty

•Managers need to foster
organizational agility, embrace
innovation, and facilitate quick
decision-making and adaptability
to respond effectively to market
shifts and disruptions

12. Data Privacy and Security
•With the increasing reliance on data-driven
decision-making and digital systems,
managers must prioritize data privacy and
security

•They must implement robust cybersecurity
measures, comply with data protection
regulations, and establish a culture of data
privacy and responsible data handling

•Data Protection is big challenge in Nepal,
Huge data has been lost from Government
Database few month back

13. Work-Life Balance and Employee Well-being
•Balancing work and personal life
has become more challenging in
the modern workplace

•Organization must prioritize
employee well-being, promote
work-life balance that fosters
productivity, engagement, and
overall employee satisfaction

14. Change Management
•Change has become a constant in
organizations, whether it's
implementing new strategies,
technologies, or organizational
structures

•Managers need to effectively lead
change initiatives, communicate
the benefits and rationale for
change, address resistance, and
provide the necessary support to
employees during transitions

15. “challenges require managers to continuously update their
skills, embrace a growth mindset, and adopt agile and
adaptive leadership approaches to navigate the
complexities of the 21st-century business landscape
successfully”

16. Thank You

17. References
•https://www.linkedin.com/pulse/challenges-management-21st-century-paul-mwirigi-
muriungi#:~:text=Work%2DLife%20Balance%20and%20Employee,engagement%2C
%20and%20overall%20employee%20satisfaction

•Management Challenges for the 21st Century
•by Peter F. Drucker

•Meeting 21st Century Organizational Challenges with Design Thinking
•by Dani Chesson, PhD Chesson Consulting

•The challenge: 20th Century vs. 21st Century management
•by Stephen Denning