2023-MGT5MPT(BE-1/13U-1/0L-1) – MANAGEMENT PRACTICE AND THEORY My LMS Subjects / 2023-MGT5MPT(BE-1/13U-1/0L-1) / Module 1
/ Topic 1: Contextual management for today’s organisations
Topic 1: Contextual management for today’s organisations
Managing in today’s economy The twenty-first century has brought with it a new and highly demanding workplace. Gone are the days of organisations ‘dealing’ with change. To sustain success, organisations must ’embrace’ change.
Today’s economy is dynamic and performance-driven. Expectations of organisational stakeholders are very high, and success is not guaranteed. Some of the challenges managers face today include:
• sustainability development goals • economic uncertainty • technology • globalisation • ethics • careers • workplace expectations
Read
Read Chapter 1 from Schermerhorn et al. (2020), and consider any evolving challenges and opportunities associated with rapidly changing business environments, workplaces, and society.
During your reading reflect on the following questions;
1. What events or changes (such as economic and technological) have occurred since the publication of the chapter that could now be included? 2. What would be their impact on the contemporary workplace? 3. What are the roles of intelligent people and intelligent organisations in defining the future in this age of continuous change?
• Schermerhorn, J. R., Davidson, R, Poole, D., Woods, P., Simon, A & McBarron, E. (2020). Management (7th Asia-Pacific ed.). Wiley.
The organisation Generally speaking, an organisation is a collection of people working together to achieve a common purpose. There are three key aspects of organisations:
1. Organisations as systems 2. Organisational performance 3. The changing nature of organisations
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