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"Explain how contemporary changes in the technological, economic and socio-cultural environment of management are affecting the conduct of management"

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Introduction

"Explain how contemporary changes in the technological, economic and socio-cultural environment of management are affecting the conduct of management" The affects of contemporary changes in the technological, economic and the socio-cultural environment has been very vast and has greatly restructured the managerial process of planning, organizing, leading and control. By simply having a look around us and evaluating the twenty first century to the past decade, we can truly notice the substantial changes in technologic, economic and the socio-cultural environment of management. These changes have beyond doubt affected the ways in which managers of the twenty first century could and would plan, organise, lead and control to the managers of the past decade. There are always two sides to a coin; likewise there are several advantages and disadvantages of these contemporary changes to management. The major technological advancement evident has been immense usage of Information Technology in organisations. The innovation of the Internet and the World Wide Web has been the one of the key driving force to several major changes to the conduct of management. Economical changes in the past decade have been significantly substantial. With many organisations going global, managers need to gain global knowledge and experience in accordance with the countries in which the organisation decides to venture in. ...read more.

Middle

are less constrained by the traditional conducts of management, where managers have to motivate employees to get their work done (Casey, 1999:21). Controlling function has also been affected due to the reasons of downsizing in the organisation. Managers would need to monitor and ensure that the downsizing is done properly and that workers employed are skilled enough to manage the systems or not to send them for training. As more workers are getting skilled and knowledgeable, manager's controlling functions are slowly diminishing. Economical changes have significantly remodeled the conduct of management in many organisations. With the outburst of technologies in the workforce, numerous organisation are globalising to obtain better profits margins, the conduct of management has changed tremendously mainly in the area of organising, leading and controlling (Saunders, 1995:10). With the "move to the knowledge era has brought about significant changes in organisational structures" and with this motion of values being placed on knowledge in organisation, the conducts of management has tremendously changed from what it was a decade ago to what it is now (Mathews, 1999:49). There has been an "increasing division of labour and specialization of function" in most organisations happening in the past decade. ...read more.

Conclusion

Managers would need to control and continually monitor the workforce as many issues like gender and racial discriminations may arise as the workforce becomes more diverse (Alvesson, 1997:134). Managers would also need to address the "cultural shock" and subsequently amend the management practices to counter this predicament (Robbins, 2001:149-150). In conclusion, the impact which these contemporary changes in technologic, economic and socio-cultural environment has had on the conduct of management, as elaborated above, has truly and ultimately changed the prospective manner in which a manager in the twenty first century would manage compared to the past decade. The massive growth of technology in the past decade has brought about massive economic changes that have in turn seen large diversity in workforce. The borders of the hierarchy, in an organisation, between managers and employees are thinning as more employees are becoming better skilled and knowledgeable in their task. Roles are becoming similar and the innovation of teams in the workplace has made employees more independent and has given them more responsibility in their respective division. The managers of today are, without a doubt, better off then managers of the past decade, as more skilled, performance driven and knowledgeable workers exist in the workforce together with technology, which greatly aid managers and the organisation in their daily dealings. Hence the conduct of management has and is rapidly changing to cope with these contemporary changes. ...read more.

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