Contemporary issues in management Essay Example | Topics and Well Written Essays - 2750 words

Contemporary issues in caution - Essay ExampleFrom this research it is clear that turn management is frequently gaining importance which in turn indicates the importance of the passage in the present time. While exploring the issues of modern management, they are also linked with the context of the passage. Furthermore, a theoretical progress is adopted along with real examples of companies and their change leaders. It is elaborated in the passage that the idea of change management and its importance in the achieving success in different circumstances. Machiavelli was of the view that in order to achieve success in different place and circumstances, local resources should be optimally utilised rather exploitation. Furthermore, his passage indicated that honest values should not be underestimated while dealing with change in the business environment. Also, strong estimable values bring strong goodwill in the market place. Main idea of passage of the Machiavelli is managing chan ge while encountering the problems of the change. It is written the passage that when a guild enters into a new country it should throw off regard its varying needs and its culture in order to stay there for long term. On the contrary, if a company ignores or avoids a countrys culture on which its entire system is found then that company surely fails to sustain there. Machiavelli writes in the context of the country that if one country wants to trace over another country then first of all it should gather support of general earth of that. Along with this, the inhabitants of that country should be treated as useful resource for utilisation rather than for exploitation. Thus, it says that company should manage the change with ethical values and give the due respect to the inhabitants (Zadek 2004). A company which is always crossing milestones in its respective area may suddenly fall down because its ever-changing relationship with its business environment and lack of response o n the part of the company. Change is inevitable and pocketable changes continuously occur in every industry. However, major changes like recession decide the future of the companies in relation to success and failure. These changes can be related with a number of aspects of the business, however, three fields have major impact on the companies i.e. macro environment, technology and government. These changes together form a basis for the uncertainties in the environment. In order to address the uncertainties in the environment, there should be formulation of certain strategies and policies which again indicates relevance with the Machiavellis passage. Thus, mission, vision, goals and philosophy of a company possess an important place in managing the change (Worthington and Britton 2009). It is back up by a series of examples. In order to understand the influence of the change management on level of success or failure can be understood by a series of examples. In this context, exa mple of British Airways is very crucial. In 1981, the company was going through one of its castigate time phase. Then the company appointed a new chairman who went