Commerce · Ch 6 — Nature and Significance of Management
Management in the Twenty-First Century
6.9
Management in the Twenty-First Century
Concept First
Management in the twenty-first century is no longer confined to a single office, city, or country. The modern organisation operates in a global village — where cultures and national boundaries are blurring, and new communication technology connects people instantly across the world. This means management today must be practiced with a global perspective, not just a local one.
The Changing Organisation and Its Management
- Blurring boundaries: Cultural and national borders are becoming less distinct. Organisations now hire talent, source materials, and sell products across multiple countries.
- New communication technology: The internet, video conferencing, and instant messaging make it possible to coordinate work across time zones as if everyone were in the same room.
- Global village: The world feels smaller and more interconnected. A decision made in one part of the world can quickly affect operations elsewhere.
What This Implies for Management
- Global perspective: Managers must think beyond their own country’s customs, laws, and business practices. They need to understand different cultures, languages, and economic conditions.
- International and intercultural relationships: Working with people from diverse backgrounds requires sensitivity, adaptability, and strong communication skills.
- Coordination among specialists: As organisations grow global, they employ many specialists (e.g., marketing experts, engineers, finance professionals). Each specialist tends to believe only they are qualified to judge their own area. They may resist advice from others. This can lead to conflict between specialists and with other parts of the organisation. …