The 21st Century & Managerial Thinking
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We are approaching the 21st Century, and in so doing approach a new millennium of managerial thinking. This is not just turn-of-the-century rhetoric: sweeping changes in the geo-political alliances of the world, daily leaps forward in telecommunications, a better-educated environment of competition than ever before - these are the characteristics of the 1990s that are sweeping away the last remnants of the Industrial Age and have yet to develop an identifiable definition of the immediate future. Management in all areas of endeavor - but particularly business - faces new challenges, new problems. It will be the purpose of this paper to study a few of those problems. The methodology will be as follows: a number of current articles from popular business publications will be selected, then briefly described, in order to identify management problems as the participants themselves consider them. The publications used will be top-selling magazines in the country that cater to a broad range of business interests. In keeping with the intent of this study to focus on participant-evaluation of current management problems, entrepreneurial and business-theory publications were not used. Nor were articles related to small-business management; this was a matter of scope consideration, since the management field is rich in resource materials. After describing each article individually, a summary of the top three management problems of today will be derived. Following that proce
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escribes the managerial decisions Fisher faced - and still foresees necessary - in turning around Kodak, which had been mired in $7.5 billion of debt which he has since slashed to $1.5 billion - in the meanwhile "reinvigorating a bloated, hierarchical management" (Maremont, 1995, p. 63). In contrast to the Paula Dwyer article cited on Page 2 of this paper, Fisher attacks the "matrix management system, which deflected responsibility for poor performance" (Maremont, 1995, p. 63). But, pushing for faster decision-making and more personal get-go among Kodak management, Fisher's description of matrix management is couched in hierarchical terms: "everybody looked to the guy above him for what needed to be done. ... How can you hold a person accountable if you've had three overrides on his decision?" (Maremont, 1995, p. 65). In addition to promoting greater accountability among decision-making management, Fisher has also been refocussing Kodak's business attention upon its core interest - image processing - selling off subsidiaries and acquisitions that do not contribute to that effort, such as health-care businesses. As part of that "core interest" concentration, Fisher is in the process of reorganizing Kodak's international develo
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Some common words found in the essay are:
Owens-Corning Fiberglass, Silicon Valley, Failure Vision, Henry Ford, Citing IBM's, Industrial Age, Paula Dwyer, Business Week, Cleveland York, Who's Why's, 1994 pp, labich 1994, deutschman 1994, maremont 1995, business week, dwyer 1994, business week pp, management model, henkoff 1995, week pp, 1994 64, labich 1994 pp, labich 1994 64, maremont 1995 63, november 1994 pp,
Approximate Word count = 2907
Approximate Pages = 12 (250 words per page)
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