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

Contemporary issues in management - Essay ExampleFrom this research it is clear that change management is often gaining importance which in turn indicates the importance of the theodolite in the present time. While exploring the issues of modern management, they are also linked with the context of the passage. Furthermore, a suppositional approach 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 ethical values should not be underestimated while dealing with change in the business environment. Also, strong ethical values bring strong state of grace in the market place. Main idea of passage of the Machiavelli is managi ng change while encountering the problems of the change. It is written the passage that when a play along enters into a new soil it should claim understand its varying needs and its culture in order to stay there for long term. On the contrary, if a company ignores or avoids a estates culture on which its entire system is based then that company surely fails to sustain there. Machiavelli writes in the context of the country that if one country wants to succeed over another country then first of all it should gather support of general public of that. Along with this, the inhabitants of that country should be set 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 constantly crossing milestones in its respective area may suddenly fall down because its changing relationship with its business environment and miss of respo nse on the part of the company. Change is inevitable and minor changes continuously occur in every industry. However, major changes like recession decide the in store(predicate) 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. big 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 once 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 supported 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, example of British Airways is very crucial. In 1981, the company was going through one of its worst time phase. Then the company constitute a new chairman who went