This article throws light upon the ten main challenges faced by managers in an organisation. The challenges are: 1. Globalisation 2. Quality and Productivity 3. Ownership 4. Environment 5. Strategy Formulation 6. Ethics and Social Responsibility 7. Workforce Diversity 8. Change 9. Empowerment 10. Information Technology. Challenge # 1. Globalisation: Almost all home companies face the challenge of competition with [...]
After reading this article you will learn about the environmental and functional challenges faced by managers in an organisation. Environmental Challenges: In a liberalised and globalized economy, managers face the following environmental challenges: 1. Economic environment: In the market economy of today, consumers are free to buy what they want and producers are free to produce what they want. Keeping [...]
After reading this article you will learn about the social responsiveness and social audit of an organization. Elements of Social Responsiveness: Five important elements of social responsiveness are: 1. Social goals should be planned and incorporated into the overall planning process. 2. Firms should examine the desires of society and assess how other companies are meeting the social desires. 3. [...]