The Future of Management Essay

This essay has a total of 931 words and 5 pages.

The Future of Management

Abstract
Management development strategies of many organizations seemed to converge in the
nineties. We thought the world would stay on a standstill when the millennium loomed. The
new word on the street was "Y2K." So what are the concerns for the current state of
management development, and what we expect for the future to hold? This paper will tackle
such issue.



The Future of Management
Companies are geared into increase in efficiency and productivity, better choice of goods,
more competitive prices, faster execution and better resource allocation. What was true
then, will still hold true in the future, except it just may double up. Obviously, ideas
like these contributed to the call for far better business management.

Method
Changes in Technology
This has the most impact on any businesses out there and even the ones who has not yet
embraced the Internet phenomena due to accelerating the speed of change, increasing
competition, and the shifting structure of relationships. According to Dessler (2003),
"the managerial uses of the Internet can in a sense, get a free ride on the Internet, they
can substantially reduce their communications costs by building their management systems
around the Internet." Companies who see the Internet for all its glory will not hesitate
to spend to be in gear with the latest trend because in the long run, it will save them
money. Take into consideration the Automatic Call Distribution (ACD). This particular
technology is helping organizations of all sizes enhance customer service, improve
employee productivity, increase revenue, lower costs and develop new customers and
markets.

Organizational Development
Management and the Four Functions of Management. Management will have to keep the
competitive edge through employee performance and retention. Management will gear more
towards an open-minded sense of management. Management in the future



does not mean a complete overhaul of what we are accustomed to now. As Antony Jay said,
"management is not a new basic institution at all. On the contrary, it is a very ancient
art. The new science of management is in fact only a continuation of the old art of
government." In this line of thinking, I doubt that management styles and the four
functions of management will completely change. It will simply evolve into something more
precise more compact. To state an example, Henri Fayol's (1841-1925) function of
management was five. Overtime, the functions of management evolved and became four. As
Continues for 3 more pages >>




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