The Future of Management Essay -- essays research papers

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 â€Å"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), â€Å"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, â€Å"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 somethin... ...ust. For companies to keep employees, the need to embrace effective leadership and good management style. The organizational culture needs to be value driven, empowering employees to have the entrepreneurial spirit. Line managers, top managers and executives need to be able to manage change in a continuous learning environment while creating and maintaining the appropriate working culture. References ZDNet. (2002). Linksys readies fast Wi-Fi alternative. Retrieved February 18, 2003 from the World Wide Web: http://www.80211-news.com/publications/page275- 424191.html. Kirby, D. (2003). Optimizing Call Center Agent Schedules Through Automation. CRM Marketplace. Retrieved March 4, 2003 from the World Wide Web: http://www.crmmarketplace.com/content/news/article.asp?docid={db2c0da5- ee20-4b6d-83e6-9c5806c7cad7}&VNETCOOKIE=NO Unknown. (2003). ACD Software and Phone Systems. Database Systems Corp website. Retrieved March 4, 2003 from the World Wide Web: http://www.databasesystemscorp.com Lutz, E. (date unknown). The Principles of Management. Retrieved March 4, 2003 from the World Wide Web: http://www.arts.ilstu.edu/theatre/class/guither/am1a.html