Describe
the various challenges managers must face in the 21st century workplace. To
what extent are you, as a future manager, prepared to meet each of these
challenges? Explain your answer.
Ans:
The
challenges that managers must face in the 21st century work environment include
the following:
- Intellectual
capital intellectual capital and knowledge workers increasingly drive
organizations; since knowledge constantly becomes obsolete, everyone is under
pressure to learn and continually apply new knowledge.
- Globalization
economic competitiveness is a challenge of worldwide scope.
- Technology
the availability and ease of transferring information is affecting organizational
work environments and the very nature of business itself.
- Diversity
organizations and their members are being challenged to deal positively with
differences among people; meeting this challenge creates strategic opportunity.
- Ethics
modern society expects managers and leaders in all organizations to conduct
their affairs according to high moral standards.
- Careers
careers will be different and everyone must be concerned with developing their
skill portfolios to remain valuable resources to organizations
Each
student should assess his/her own level of competency with respect to dealing
with these challenges, as well as why he/she is/isn’t prepared to meet these
challenges.
Source: Management, 11th Edition -
John R. Schermerhorn
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