MGT 125 Chapter Notes - Chapter 1: Knowledge Economy, Haymarket Media Group, Knowledge Management
27 Oct 2020
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Document Summary
Provide examples of current trends and issues that are in uencing management today. Globalisation: managers are no longer constrained by national borders, and to work effectively with a group of diverse people, you need to understand their culture, geography, religion attitudes, beliefs and working style, and adjust your management style accordingly. Ethics: ethical behaviour seems to have been forgotten or ignored as managers put their own interests rst before those who may be affected by their decision. This is why ethical training and ethical standards exist throughout organisations where companies may recruit on the basis of ethical background. Workforce diversity: coordinating work efforts of diverse organisational members in accomplishing organisational goals. In today"s workforce, the working population is more heterogeneous in terms of gender, race, ethnicity, age, and other characteristics that re ect differences. Smart managers may recognise diversity as being an asset because it can bring a broad range of viewpoints and problem solving skills to a company.
