Challenges of Managers

1. 2. 3. 4. 5. 6. 7. 8.

Globalization of economy Corporate restructuring Newer organizational designs Changing job profile Changing workforce profile Increasing role of woman employees Emphasis on knowledge management Increasing quality consciousness

Globalization of economy:
üManagers are required to be familiar with the attitudes, beliefs, and values prevalent in the host countries. üKnowledge of other conditions prevailing in those countries. üCultural Diversity, Language Diversity, Workforce Diversity, Economic Diversity

Corporate restructuring:
üRe-structuring the entire business around and organization's core competence. üRe-structuring involves divestment of non core business or acquisitions and mergers.

Newer Organizational Designs:
üOrganizations are focusing to shift from steep hierarchy to flatter network. üPractise of flexible structure

Changing Job Profile:
üFast changing technology, particularly in terms of automation, information technology. ünature of jobs has changed over the period of time.

Changing in work Profile:
üEmployees are more educated, skill-oriented, comparatively younger and have high expectations. It lead to change in work profile. üIncreasing role of Knowledge workers üChallenging jobs üAutonomy üImmediate Feedback and Rewards üLifestyle

Increasing role of working Employees:
üEmployment of women presents several challenges which HR department has to face. üWomen employee faces the problem of maintaining her career and family life.

Emphasis on Knowledge Management:
üTo survive in today’s competitive market, businesses need to recognize and manage the knowledge’s within the organization as an asset. üKnowledge creation üKnowledge sharing üKnowledge Utilization

Increasing quality consciousness:
• Emphasis on total quality management:
• Quality process • Continuous improvements • People process

• Emphasis on kaizen:
• Way of thinking and management system that supports and acknowledges people’s oriented efforts for improvement.

• Moving towards six sigma:
• Six sigma uses statistical techniques to improve business processes and can be used in both manufacturing and service sectors.

• Quality certification
• Increasing emphasis on international trade, the need for a common set of universally accepted quality procedures and methods emerged which led to the formulation of International Standard Organization (ISO)