The modern era is dynamic in relation to business and commerce. There is consistent fast paced changes all around, fast changes in industrial movements, globalization and new customer needs which all sum up together to make business organizations bring new thought process while performing their functions for achieving competitive advantage. The entire world is a single global village today (Anonymous, 2015). For building up business organizations which will be successful modern management needs to keep up to modern new trends, concepts methods and principles which will cause high competition in the marketplace. The modern revolution of “managerial” area requires every manger to use modern methods and means which will help organizations prepare well to combat modern nature of challenges (Baum & Joel, 2012).It is only those management systems which are always ready to face robust changes by suing modern competitive methods which will bring continuous improvement which stands out ultimately.
One of the greatest challenges of leadership in the modern world is facing paradoxical stresses and tensions. Business organizations today are driven by both the paradoxes of processes and culture (Lavine, 2014).
However during such changing times the enormous pressure which is created on the management for maintaining competitive advantage is never ending. The paper focuses on analyzing how for the sake of competitive modern management has become a complex system and it is actually a problem today. By definition there is no specific description that can be given to modern management (Nevins, 2017). Management existing in every business organization is responsible for developing the organization. In the modern commercial world management is a tool every organization must have. Rivalry in between business enterprises has enhanced dramatically over the last few decades in the world. The peer pressure given by organizations located globally for ensuring better usage of resources and bringing better results and make enhanced performances is high. Managers as a result today are learning fast how to cope with such fast changes (Sharma, 2013). Instead of enterprise managers become innovative and creative in their ideas they simply react and make prompt changes to face up to the high competition levels. As a result many times organizations fail.
Such complexities are a problem today. Scholars are of the opinion that even transforming from one century to another has caused a lot of complexity, paradox and ambiguity to leadership. This is because the focus has shifted from only making good quality products and fulfilling consumer needs to a system where everyone is running to be the number one leader in the global marketplace (Jones & George, 2008). Building up of competitive advantages using ethical means and at the same time using advanced technology and managing the entire human resource and combating global economical crisis diligently management has become a complex set of business practice. Instead of the management driving the company further up it is the various external factors such as fast technological changes which are driving organizations.
Subject –Negotiating the due date for micronisation as per last meeting
This is Leonard and team from the research team. As per our last meeting Colonel the mcirosination of the innovation was committed to be made in just 2 weeks by our team member. We do understand that you require it to be less big than what we have showed you earlier. We are aware that your team quoted you a four weeks time for the project and our reaction was to get it done in two weeks time.
We wanted to inform you that we over estimated the duration and gave you a wrong quote. After ding an internal research we did find our mistakes and would like to convey that to you Sir. Given an opportunity our team would like to get the work done in four weeks of time. We would match the work up to your level of expectations as well.
We hope that you will understand the inexperience we had in the commercial aspect of the innovation’s application which made us wrongly quote you the time. Anything lesser than four week, will be too much a work pressure for the team. Moreover the work needs to be made and tested and retested to ensure that it is working as per the quality requirements. If needed, we can schedule another meeting with you where we can discuss the intricate details of the subject. We will be waiting to know further from you in this regard.
Anonymous, (2015). Innovation Management. Retrieved from https://www.innovationmanagement.se/2015/04/27/five-forces-of-complexity-and-change
Baum, H. G. & Joel, A. C. (2012). Management Challenges in a New Time. Academy of Management Journal, 45(4), p961-1030.
Jones, G. R & George, J. M. (2008). Modern management, Global communications. (2nd ed.). Russia: Skopje.
Lavine, M. (2014). Paradoxical Leadership and the Competing Values Framework. The Journal of Applied Behavioral Science, 50(2), p189-.
Masic, B. (2001). Strategic management. (1st ed.). Belgrade: Routledge.
Nevins, M. .D. (2017). Strategy+business. Retrieved 10 August, 2017, from https://www.strategy-business.com/article/19405?gko=3b347
Sharma, A. (2013). Management under Fire. Business Management Journal, 4(2), p1-50
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