A look at trends and concepts in the future of management.
This paper examines how, in today’s highly competitive business world, it is important to keep pace with the changes in management trends and practices in order to stay ahead of one’s competitors. It looks at how management gurus are of the opinion that, in the past two decades, excessive bombardment of new tools and trends had given rise to extreme complexity and how the future of management will most probably be marked by simplicity. Managers will, therefore, be using tools and concepts that are easier to understand, communicate, and implement.
“Managers must possess a great deal of experience because their job description requires application of factual knowledge to their work instead of intuition or vision. If they choose to lead the organization, it should be through knowledge alone and not a charismatic personality or bold ideas. “Leaders stand out by being different. They question assumption and are suspicious of tradition. They seek out the truth and make decisions based on fact, not prejudice. They have a preference for innovation.”(Fenton, 1990) Managers on the other hand choose to stay with the facts and previous experience when making decisions.”